Tag Archives: net investment income

Investment Income Taxes

The tax law did not changed the favorable rates for long-term capital gains and many dividends, and there is still a popular zero rate for these types of investment income. For 2018, the zero rate applies to jointly filed married couples who have a taxable income of up to $77,200 ($38,600 for singles). A rate […]

A capital asset, including personal property and investments, can be sold for either a loss or a gain. If you sell your assets, you should be aware of the following ten facts regarding capital gains and losses: Assets: Capital assets describe property you own, like a home or a vehicle. The term also encompasses investments, […]

If you have a rental property, you are required to report the income you receive from tenants on your tax return.  However, if you have a property that you use as your own home for most of the year, but rent for a short term, you may not have to report the income. In fact, […]

What Is the Net Investment Income Tax?

This year, taxpayers may notice a new tax that applies to income from investments. Known as the Net Investment Income Tax, you may be responsible for paying this tax if your regular income is over a certain threshold, and you have investment income. If you think you might be subject to this tax, you’ll want […]

Taxpayers are required to pay tax on any income received from investments. The same applies to children with investment income. If a child is unable to file their own return, the responsibility lies with the parent or legal guardian to ensure a tax return has been filed correctly. Depending on the type of investment income, […]