Federal Form 8960 (Net Investment Income Tax - Individual, Estates, and Trusts) (2024)

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Net Investment Income Tax - Individual, Estates, and Trusts
2023 Form 8960

Form8960Department of the TreasuryInternal Revenue ServiceNet Investment Income Tax—Individuals, Estates, and TrustsOMB No. 1545-22272023Attach to your tax return.Go to www.irs.gov/Form8960 for instructions and the latest information.AttachmentSequence No. 72Your social security number or EINName(s) shown on your tax returnPart IInvestment IncomeSection 6013(g) election (see instructions)Section 6013(h) election (see instructions)Regulations section 1.1411-10(g) election (see instructions)1Taxable interest (see instructions) . . . . . . . . . . . . . . . . . . . .2Ordinary dividends (see instructions) . . . . . . . . . . . . . . . . . . .3Annuities (see instructions) . . . . . . . . . . . . . . . . . . . . . .4a Rental real estate, royalties, partnerships, S corporations, trusts, trades orbusinesses, etc. (see instructions) . . . . . . . . . . . . . . .4ab Adjustment for net income or loss derived in the ordinary course of a nonsection 1411 trade or business (see instructions) . . . . . . . . . .4bc Combine lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . .5a Net gain or loss from disposition of property (see instructions) . . . . .5ab Net gain or loss from disposition of property that is not subject to netinvestment income tax (see instructions). . . . . . . . . . . .5bc Adjustment from disposition of partnership interest or S corporation stock (seeinstructions) . . . . . . . . . . . . . . . . . . . . . .5cd Combine lines 5a through 5c . . . . . . . . . . . . . . . . . . . . .6Adjustments to investment income for certain CFCs and PFICs (see instructions) . . . .7Other modifications to investment income (see instructions) . . . . . . . . . . .8Total investment income. Combine lines 1, 2, 3, 4c, 5d, 6, and 7 . . . . . . . . . .Part II9abcd101112......123...4c............5d678.........9d1011Investment Expenses Allocable to Investment Income and ModificationsInvestment interest expenses (see instructions) . . .State, local, and foreign income tax (see instructions) .Miscellaneous investment expenses (see instructions) .Add lines 9a, 9b, and 9c . . . . . . . . . . .Additional modifications (see instructions) . . . . .Total deductions and modifications. Add lines 9d and 10Part III.............................................9a9b9c. . .. . .. . .......Tax ComputationNet investment income. Subtract Part II, line 11, from Part I, line 8. Individuals, complete lines 13–17.Estates and trusts, complete lines 18a–21. If zero or less, enter -0- . . . . . . . . . . . .12Individuals:1314151617Modified adjusted gross income (see instructions) . . . . . .Threshold based on filing status (see instructions) . . . . . .Subtract line 14 from line 13. If zero or less, enter -0- . . . . .Enter the smaller of line 12 or line 15 . . . . . . . . . . .Net investment income tax for individuals. Multiply line 16 by 3.8%on your tax return (see instructions) . . . . . . . . . . .. . .13. . .14. . .15. . . . . . . . . . .(0.038). Enter here and include. . . . . . . . . . .Estates and Trusts:18a Net investment income (line 12 above) . . . . . . . . . . . . .18ab Deductions for distributions of net investment income and charitabledeductions (see instructions) . . . . . . . . . . . . . . . .18bc Undistributed net investment income. Subtract line 18b from line 18a (seeinstructions). If zero or less, enter -0- . . . . . . . . . . . . .18c19a Adjusted gross income (see instructions) . . . . . . . . . . . .19ab Highest tax bracket for estates and trusts for the year (see instructions) . .19bc Subtract line 19b from line 19a. If zero or less, enter -0- . . . . . . .19c20Enter the smaller of line 18c or line 19c . . . . . . . . . . . . . . . . . . . . .21Net investment income tax for estates and trusts. Multiply line 20 by 3.8% (0.038). Enter here andinclude on your tax return (see instructions) . . . . . . . . . . . . . . . . . . .For Paperwork Reduction Act Notice, see your tax return instructions.Cat. No. 59474M16172021Form 8960 (2023)

Extracted from PDF file 2023-federal-form-8960.pdf, last modified December 2023

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More about the Federal Form 8960OtherTY 2023

We last updated the Net Investment Income Tax - Individual, Estates, and Trusts in January 2024,so this is the latest version of Form 8960, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8960 directly from TaxFormFinder.You can print other Federal tax forms here.

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TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

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Form W-4VVoluntary Withholding Request
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Form 1310Statement of Person Claiming Refund Due a Deceased Taxpayer
Form W-4Employee's Withholding Allowance Certificate (Blank)

Federal Form 8960 (Net Investment Income Tax - Individual, Estates, and Trusts) (2)View all 775 Federal Income Tax Forms

Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later.We last updated Federal Form 8960 from the Internal Revenue Service in January 2024.

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Historical Past-Year Versions of Federal Form 8960

We have a total of ten past-year versions of Form 8960 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 8960

2023 Form 8960

2022 Form 8960

2022 Form 8960

2020 Form 8960

2020 Form 8960

2019 Form 8960

2019 Form 8960

2018 Form 8960

2018 Form 8960

2017 Form 8960

2017 Form 8960

2016 Form 8960

2016 Form 8960

2015 Form 8960

2015 Form 8960

2014 Form 8960

2014 Form 8960

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Federal Form 8960 (Net Investment Income Tax - Individual, Estates, and Trusts) (2024)
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