Reply To: Net Investment Income tax – itemized

Home Fairmark Forum Taxation of Investments Net Investment Income tax – itemized Reply To: Net Investment Income tax – itemized

#6625
Lewis-H
Participant

There is no standard deduction for purposes of determining your net investment income. Itemized deductions are not available for purposes of reducing net investment income unless you itemize deductions for purposes of regular income tax. However, neither standard or itemized deductions reduce MAGI.