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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8960
for the current year.
IRS Form 8960 Net Investment Income Tax - Individuals, Estates, and Trusts
What Is IRS Form 8960?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8960?
A: IRS Form 8960 is a tax form used to calculate the Net Investment Income Tax (NIIT) for individuals, estates, and trusts.
Q: Who needs to file IRS Form 8960?
A: Individuals, estates, and trusts who meet certain income thresholds and have net investment income may need to file IRS Form 8960.
Q: What is the Net Investment Income Tax (NIIT)?
A: The Net Investment Income Tax (NIIT) is a 3.8% tax on certain investment income that applies to individuals, estates, and trusts.
Q: What is considered net investment income?
A: Net investment income includes income from sources such as interest, dividends, capital gains, rental income, and passive income from businesses or investments.
Q: How do I calculate the Net Investment Income Tax?
A: To calculate the Net Investment Income Tax, you need to determine your net investment income and compare it to the applicable threshold. If your income exceeds the threshold, you may owe the tax.
Q: When is the deadline to file IRS Form 8960?
A: The deadline to file IRS Form 8960 is usually the same as the deadline for filing your federal income tax return, which is April 15th of each year.
Q: Are there any exceptions or exemptions to the Net Investment Income Tax?
A: Yes, there are certain exceptions and exemptions to the Net Investment Income Tax. It is recommended to consult with a tax professional or refer to the instructions for IRS Form 8960 to determine if you qualify for any exemptions or exceptions.
Form Details:
- A 1-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8960 through the link below or browse more documents in our library of IRS Forms.
