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DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Will You Pay Medicare on Net Investment Income?

It's been coming for three years, but now the day of tax reckoning for higher-income investors has finally arrived.

Caution: For the first time, you may have to pay the 3.8% Medicare surtax on "net investment income" (Nii) on your 2013 tax return. The tax is computed on Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts.

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