aglash
Level 2
12-06-2019
04:31 PM
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Solved! Go to Solution.
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itonewbie
Level 15
12-06-2019
04:31 PM
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Did it exceed 2% of the AGI?
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aglash
Level 2
12-06-2019
04:31 PM
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No, it didn't. Does that matter for the 8960?
itonewbie
Level 15
12-06-2019
04:31 PM
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It won't affect F.8960. Only investment expenses exceeding the 2% floor and adjusted for overall limitation will be netted against the investment income for NIIT purposes.
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aglash
Level 2
12-06-2019
04:31 PM
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Thank you so much for the explanation.
itonewbie
Level 15
12-06-2019
04:31 PM
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YAVW
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