net investment income tax Archives

Planning for Net Investment Income Taxes

Posted on May 28, 2024 by Rachael McGrew

The 3.8% net investment income tax (NIIT) is an additional tax that applies to some higher-income taxpayers on top of capital gains tax or ordinary income tax. Fortunately, there are strategies you can use to soften the blow of the NIIT. Are you subject to the Net Investment Income Tax? You’re potentially liable for the

Rental Real Estate: Determining if a Property is a Business or an Investment

Posted on March 5, 2020 by Andrew Litchford

If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill.

Taxable vs. Tax-Advantaged: Where to Hold Investments

Posted on December 12, 2019 by Andrew Litchford

When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, but it may make more sense to hold other investments in taxable accounts.