Federal Net Investment Income Tax - Individual, Estates, and Trusts
Extracted from PDF file 2023-federal-form-8960.pdf, last modified December 2023Net Investment Income Tax - Individual, Estates, and Trusts
Form 8960 Department of the Treasury Internal Revenue Service Net Investment Income Tax— Individuals, Estates, and Trusts OMB No. 1545-2227 2023 Attach to your tax return. Go to www.irs.gov/Form8960 for instructions and the latest information. Attachment Sequence No. 72 Your social security number or EIN Name(s) shown on your tax return Part I Investment Income Section 6013(g) election (see instructions) Section 6013(h) election (see instructions) Regulations section 1.1411-10(g) election (see instructions) 1 Taxable interest (see instructions) . . . . . . . . . . . . . . . . . . . . 2 Ordinary dividends (see instructions) . . . . . . . . . . . . . . . . . . . 3 Annuities (see instructions) . . . . . . . . . . . . . . . . . . . . . . 4a Rental real estate, royalties, partnerships, S corporations, trusts, trades or businesses, etc. (see instructions) . . . . . . . . . . . . . . . 4a b Adjustment for net income or loss derived in the ordinary course of a nonsection 1411 trade or business (see instructions) . . . . . . . . . . 4b c Combine lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . 5a Net gain or loss from disposition of property (see instructions) . . . . . 5a b Net gain or loss from disposition of property that is not subject to net investment income tax (see instructions) . . . . . . . . . . . . 5b c Adjustment from disposition of partnership interest or S corporation stock (see instructions) . . . . . . . . . . . . . . . . . . . . . . 5c d Combine lines 5a through 5c . . . . . . . . . . . . . . . . . . . . . 6 Adjustments to investment income for certain CFCs and PFICs (see instructions) . . . . 7 Other modifications to investment income (see instructions) . . . . . . . . . . . 8 Total investment income. Combine lines 1, 2, 3, 4c, 5d, 6, and 7 . . . . . . . . . . Part II 9a b c d 10 11 12 . . . . . . 1 2 3 . . . 4c . . . . . . . . . . . . 5d 6 7 8 . . . . . . . . . 9d 10 11 Investment Expenses Allocable to Investment Income and Modifications Investment interest expenses (see instructions) . . . State, local, and foreign income tax (see instructions) . Miscellaneous investment expenses (see instructions) . Add lines 9a, 9b, and 9c . . . . . . . . . . . Additional modifications (see instructions) . . . . . Total deductions and modifications. Add lines 9d and 10 Part III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a 9b 9c . . . . . . . . . . . . . . . Tax Computation Net investment income. Subtract Part II, line 11, from Part I, line 8. Individuals, complete lines 13–17. Estates and trusts, complete lines 18a–21. If zero or less, enter -0- . . . . . . . . . . . . 12 Individuals: 13 14 15 16 17 Modified adjusted gross income (see instructions) . . . . . . Threshold based on filing status (see instructions) . . . . . . Subtract line 14 from line 13. If zero or less, enter -0- . . . . . Enter the smaller of line 12 or line 15 . . . . . . . . . . . Net investment income tax for individuals. Multiply line 16 by 3.8% on your tax return (see instructions) . . . . . . . . . . . . . . 13 . . . 14 . . . 15 . . . . . . . . . . . (0.038). Enter here and include . . . . . . . . . . . Estates and Trusts: 18a Net investment income (line 12 above) . . . . . . . . . . . . . 18a b Deductions for distributions of net investment income and charitable deductions (see instructions) . . . . . . . . . . . . . . . . 18b c Undistributed net investment income. Subtract line 18b from line 18a (see instructions). If zero or less, enter -0- . . . . . . . . . . . . . 18c 19a Adjusted gross income (see instructions) . . . . . . . . . . . . 19a b Highest tax bracket for estates and trusts for the year (see instructions) . . 19b c Subtract line 19b from line 19a. If zero or less, enter -0- . . . . . . . 19c 20 Enter the smaller of line 18c or line 19c . . . . . . . . . . . . . . . . . . . . . 21 Net investment income tax for estates and trusts. Multiply line 20 by 3.8% (0.038). Enter here and include on your tax return (see instructions) . . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 59474M 16 17 20 21 Form 8960 (2023)
2023 Form 8960
More about the Federal Form 8960 Other TY 2023
We last updated the Net Investment Income Tax - Individual, Estates, and Trusts in January 2024, so this is the latest version of Form 8960, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8960 directly from TaxFormFinder. You can print other Federal tax forms here.
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Form W-4V | Voluntary Withholding Request |
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Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8960 from the Internal Revenue Service in January 2024.
Historical Past-Year Versions of Federal Form 8960
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2014 Form 8960
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