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APPLICATION FORM All investors must complete Sections 1 to 12 (as appropriate) and each party to the account must sign the form. The form should be returned, together with the required documentation

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What is instructions for form 8960?

Instructions for Form 8960 provide guidance on how to calculate and report the Net Investment Income Tax (NIIT) imposed by the Internal Revenue Service (IRS) for certain individuals, estates, and trusts.

Who is required to file instructions for form 8960?

Individuals, estates, and trusts that have net investment income and whose modified adjusted gross income exceeds the threshold amounts specified by the IRS are required to file Form 8960.

How to fill out instructions for form 8960?

To fill out Form 8960, taxpayers must gather information on their net investment income, calculate their modified adjusted gross income, and complete the form as guided, including any relevant attachments and schedules.

What is the purpose of instructions for form 8960?

The purpose of the instructions for Form 8960 is to provide taxpayers with the necessary steps to correctly report their income that is subject to the Net Investment Income Tax.

What information must be reported on instructions for form 8960?

Taxpayers must report their net investment income, including interest, dividends, capital gains, rental income, and other investment income, along with relevant expenses that can be deducted.

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