A consequence of electing to include long$-$term capital gains and qualified dividends in net investment income is:

Long$-$term capital gains and qualified dividends are taxed at the $15-$percent preferential rate for regular tax purposes, but ordinary income rates for AMT purposes.

Long$-$term capital gains and qualified dividends are taxed at ordinary income rates for both regular and AMT purposes.

The taxpayer will likely receive an enhanced investment interest expense deduction for both regular and AMT purposes.

Two of the above.