NIIT

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  • #5277
    kaneohe
    Participant

    For the purposes of deducting state income tax allocable to NII, must the state income tax have been itemized? If standard deduction was used, then no deduction for state income taxes allowed?

    #5292
    KAWill
    Participant

    Your assumption appears to be correct. See this earlier thread.

    Net Investment Income Tax

    #5294
    kaneohe
    Participant

    k, thanks.

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