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Le file GRAPHIC print DO NOT Processors Filed Data DAN: 93491070000023 OMB No 15450052Return of Private Foundation990 For Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private FoundationDepartment
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Gather all the necessary documents related to your investments.
02
Calculate the income generated from your investments, such as dividends, interest, and rental income.
03
Determine if you have any deductions or expenses related to your investments, such as investment fees or interest paid on loans used to invest.
04
Subtract your deductions and expenses from your investment income.
05
If the result is positive, include this amount as net investment income on the appropriate section of your tax return.
06
If the result is negative, you may be able to offset other income or carry the loss forward to future years. Consult a tax professional for guidance.

Who needs net investment income if?

01
Individuals who have investment income from sources such as stocks, bonds, mutual funds, rental properties, and business partnerships generally need to report net investment income.
02
Additionally, individuals whose modified adjusted gross income (MAGI) exceeds certain thresholds may be subject to the Net Investment Income Tax (NIIT). The NIIT applies to individuals with a MAGI of $200,000 or more ($250,000 or more for married filing jointly). These individuals need to calculate and report their net investment income.
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Net investment income refers to the income generated from investments, including interest, dividends, capital gains, and rental income, usually subject to the Net Investment Income Tax (NIIT).
Individuals, estates, and trusts that have income from investments exceeding certain thresholds are required to file for net investment income.
To fill out net investment income, taxpayers typically use IRS Form 8960, reporting their investment income and calculating any applicable net investment income tax.
The purpose of net investment income is to impose an additional tax on higher-income individuals, estates, and trusts to help fund healthcare and other federal programs.
Taxpayers must report total investment income, allowable deductions, and any capital gains or losses when calculating their net investment income.
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