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Brace for new NII tax impact

by on
in Small Business Tax,Small Business Tax Deduction Strategies

For the first time, you may have to pay the 3.8% Medicare surtax on “net investment income” (NII) on your 2013 tax return.

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{ 1 comment… read it below or add one }

Ed Horan January 21, 2014 at 5:26 pm

You mention what is not included in NII. But you forgot to mention that if you do a Section 1031 Exchange the capital gain, including depreciation recapture, is excluded from NII, and that any tax capital gain tax is deferred until the property is sold outright.

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