Which of the following statements is true related to the net investment income tax? A. The NIIT
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Question:
Which of the following statements is true related to the net investment income tax?
A. The NIIT has no impact on sole proprietorship
B. The NIIT is a tax in addition to the regular income tax.
C. The NIIT has no impact on limited partners.
D. The NIIT applies to the greater net investment income or the excess of modified adjusted gross income over a threshold amount.
Related Book For
Fundamentals Of Taxation 2015
ISBN: 9781259293092
8th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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