On Wednesday, the IRS released a draft ofForm 8960,Net Investment Income Tax—Individuals, Estates, and Trusts, a new dual-purpose form that will be used by individuals and trusts and estates to compute the new 3.8% tax and then to report the tax on Forms 1040,U.S. Individual Income Ta...
Form 8960is a dual-purpose form that is used by both individuals and trusts and estates to compute the new 3.8% net investment income tax and then to report the tax on Forms 1040,U.S. Individual Income Tax Return, and 1041,U.S. Income Tax Return for Estates and Trusts. Starting this ...