aglash
Level 2
 
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itonewbie
Level 15

Did it exceed 2% of the AGI?

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aglash
Level 2
No, it didn't.  Does that matter for the 8960?
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itonewbie
Level 15
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
Thank you so much for the explanation.
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itonewbie
Level 15
YAVW
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