Form 8960

Department of the Treasury 

Internal Revenue Service (99) 

Net Investment Income Tax— 

Individuals, Estates, and Trusts

▶ Attach to Form 1040 or Form 1041.

▶ Information about Form 8960 and its separate instructions is at www.irs.gov/form8960.

OMB No. 1545-2227

2013

Attachment 

Sequence No. 72

Name(s) shown on Form 1040 or Form 1041 Your social security number or EIN

Part I Investment Income Section 6013(g) election (see instructions)

Regulations section 1.1411-10(g) election (see instructions)

1 Taxable interest (Form 1040, line 8a; or Form 1041, line 1) . . . . . . . . . . . . . 1 

2 Ordinary dividends (Form 1040, line 9a; or Form 1041, line 2a) . . . . . . . . . . . 2 

3 Annuities from nonqualified plans (see instructions) . . . . . . . . . . . . . . . 3

4a Rental real estate, royalties, partnerships, S corporations, trusts, 

etc. (Form 1040, line 17; or Form 1041, line 5) . . . . . . . 4a

b Adjustment for net income or loss derived in the ordinary course of 

a non-section 1411 trade or business (see instructions) . . . . 4b

c Combine lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . 4c

5a Net gain or loss from disposition of property from Form 1040, 

combine lines 13 and 14; or from Form 1041, combine lines 4 and 7 5a

b Net gain or loss from disposition of property that is not subject to 

net investment income tax (see instructions) . . . . . . . 5b

c Adjustment from disposition of partnership interest or S corporation

stock (see instructions) . . . . . . . . . . . . . . 5c

d Combine lines 5a through 5c . . . . . . . . . . . . . . . . . . . . . . 5d

6 Changes to investment income for certain CFCs and PFICs (see instructions) . . . . . . 6

7 Other modifications to investment income (see instructions) . . . . . . . . . . . . 7

8 Total investment income. Combine lines 1, 2, 3, 4c, 5d, 6, and 7 . . . . . . . . . . . 8

Part II Investment Expenses Allocable to Investment Income and Modifications

9a Investment interest expenses (see instructions) . . . . . . 9a

b State income tax (see instructions) . . . . . . . . . . 9b

c Miscellaneous investment expenses (see instructions) . . . . 9c

d Add lines 9a, 9b, and 9c . . . . . . . . . . . . . . . . . . . . . . . . 9d

10 Additional modifications (see instructions) . . . . . . . . . . . . . . . . . . 10

11 Total deductions and modifications. Add lines 9d and 10 . . . . . . . . . . . . . 11

Part III Tax Computation

12 Net investment income. Subtract Part II, line 11 from Part I, line 8. Individuals complete lines 13–

17. Estates and trusts complete lines 18a–21. If zero or less, enter -0- . . . . . . . . . 12

Individuals:

13 Modified adjusted gross income (see instructions) . . . . . 13

14 Threshold based on filing status (see instructions) . . . . . 14

15 Subtract line 14 from line 13. If zero or less, enter -0- . . . . 15

16 Enter the smaller of line 12 or line 15 . . . . . . . . . . . . . . . . . . . . 16

17 Net investment income tax for individuals. Multiply line 16 by 3.8% (.038). Enter here and on

Form 1040, line 60 . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Estates and Trusts:

18a Net investment income (line 12 above) . . . . . . . . . 18a

b Deductions for distributions of net investment income and 

deductions under section 642(c) (see instructions) . . . . . 18b

c Undistributed net investment income. Subtract line 18b from 18a (see 

instructions) . . . . . . . . . . . . . . . . . . 18c

19a Adjusted gross income (see instructions) . . . . . . . . 19a

b Highest tax bracket for estates and trusts for the year (see 

instructions) . . . . . . . . . . . . . . . . . . 19b

c Subtract line 19b from line 19a. If zero or less, enter -0- . . . 19c

20 Enter the smaller of line 18c or line 19c . . . . . . . . . . . . . . . . . . . 20

21 Net investment income tax for estates and trusts. Multiply line 20 by 3.8% (.038). Enter here and 

on Form 1041, Schedule G, line 4 . . . . . . . . . . . . . . . . . . . . . 21

For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 59474M Form 8960 (2013)