They also have the following items of investment income


Question - Marco and Lisa are married and file a joint tax return. Lisa has salary income of $260,000 and Marco has salary income of $400,000. They also have the following items of investment income: $60,000 net long-term capital gain on sale of stock, $8,000 dividend income, $6,000 interest income from corporate bonds, and $5,000interest income from tax-exempt municipal bonds. Compute their net investment income (NII) tax?

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Accounting Basics: They also have the following items of investment income
Reference No:- TGS02893273

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