Winners and Losers in New Rental Tax
Andy Biebl DTN Tax Columnist
Mon Feb 10, 2014 11:04 AM CST

Beginning with the 2013 tax year, individuals, trusts and estates face a new 3.8% tax on net investment income. This tax was a creation of the Affordable Care Act, and will likely cause some unhappy surprises when 2013 returns are filed.


The tax only applies if 1040 page one income exceeds a $200,000 threshold ($250,000 for joint filers). At that point, the tax is levied on the smaller of net investment income or 1040 income in excess of the threshold. Investment income includes interest, dividends, annuity and royalty income, rental income and most net capital gains. Income and ...

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