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May 9, 2019
Solved

3.8% Medicare Tax on Net Investment Income

  • May 9, 2019
  • 1 reply
  • 0 views

Hypothetical:

$100,000 for yearly pension

$400,000 for yearly withdrawal from Traditional/Rollover IRA

Tax Status: Filing Jointly

 

My question is:

Does the money distributed from the IRA constitute a "Net Investment Income" as described for the 3.8% Medicare Tax?

If it does, would it be paid on the amount over $250,000?

 

    Best answer by Anonymous_

    1 reply

    May 9, 2019

    SwudayAuthor
    May 9, 2019

    Thank you very much!