Tag Archives: NIIT
If you have a rental property, you are required to report the income you receive from tenants on your tax return. However, if you have a property that you use as your own home for most of the year, but rent for a short term, you may not have to report the income. In fact, […]
— Read moreThis year, taxpayers may notice a new tax that applies to income from investments. Known as the Net Investment Income Tax, you may be responsible for paying this tax if your regular income is over a certain threshold, and you have investment income. If you think you might be subject to this tax, you’ll want […]
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