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April 12, 2025
Question

Net Investment Income Tax

  • April 12, 2025
  • 1 reply
  • 0 views

Is all interest shown on 1099 INT taxed separately? This amount is included in my AGI, why does my tax explanation show I owe "other taxes" in the amount of $598 due to Net Investment Income tax. I am not getting any investment income. 

    1 reply

    April 12, 2025

    Do you have dividends or capital gains?

    bmggomezAuthor
    April 12, 2025

    No, I do not. All of my interest was from regular savings accounts. One account was a "high yield" savings account. I that taxed at a different rate? 

    April 12, 2025

    Look for form 8960. That will tell you where it’s coming from.