IRS Form 8960 Net Investment Income Tax - Individuals, Estates, and Trusts

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IRS Form 8960 Net Investment Income Tax - Individuals, Estates, and Trusts

What Is IRS Form 8960?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.

FAQ

Q: What is IRS Form 8960?
A: IRS Form 8960 is the Net Investment Income Tax form.

Q: Who needs to file IRS Form 8960?
A: Individuals, estates, and trusts with certain investment income need to file Form 8960.

Q: What is the purpose of IRS Form 8960?
A: The purpose of Form 8960 is to calculate and report the Net Investment Income Tax.

Q: What is Net Investment Income?
A: Net Investment Income includes income from investments like interest, dividends, capital gains, rental income, and more.

Q: What is the Net Investment Income Tax?
A: The Net Investment Income Tax is a 3.8% tax on the lesser of net investment income or the excess of modified adjusted gross income over a threshold amount.

Q: How do I calculate the Net Investment Income Tax?
A: You can calculate the Net Investment Income Tax by completing Form 8960 and following the instructions provided by the IRS.

Q: When is the deadline for filing IRS Form 8960?
A: The deadline for filing Form 8960 is generally the same as the deadline for filing your individual tax return, which is April 15th.

Q: Are there any exceptions or exemptions from the Net Investment Income Tax?
A: Yes, there are certain exceptions and exemptions from the Net Investment Income Tax. Consult the instructions for Form 8960 or a tax professional for more information.

Q: Do I need to attach any other forms or documents when filing Form 8960?
A: You may need to attach other forms or documents, depending on your individual circumstances. Consult the instructions for Form 8960 or a tax professional for guidance.

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Form Details:

  • A 1-page form available for download in PDF;
  • This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
  • Editable, printable, and free;

Download a fillable version of IRS Form 8960 through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 8960 Net Investment Income Tax - Individuals, Estates, and Trusts

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