beneficiaries receiving distributions of accumulated net investment income
of a foreign trust, but until guidance is issued, Sec.
"For the first quarter, our diverse portfolio continued to produce adjusted net investment income
growth and covered our regular quarterly dividend.
This exclusion applies even if such a trust may be subject to a tax on unrelated business taxable income (UBTI) and even if that UBTI contains net investment income
. This category of trusts includes trusts that are exempt from tax under Sec.
Net investment income
surpassed $188.3 million, compared to nearly $154 million in Q2 2018.
Total operating expenses for the three months ended September 30, 2018 were approximately USD 25.0 million, or USD 0.42 per share, including interest and other debt expenses of USD 10.1 million, or USD 0.17 per share and incentive compensation from net investment income
of USD 6.1 million, or USD 0.10 per share.
Although it has been established that the sale of a shareholder's personal goodwill may generate capital gain to the shareholder, a related question is whether that capital gain is net investment income
for purposes of the net investment income
The first quarter of 2015 saw net investment gains of $16.4 billion after capital gains jumped from $2.9 billion to $4.7 billion, increasing net investment income
by $500 million to $11.7 billion.
Moreover, by their nature, most trusts and estates are likely to have only net investment income
. This means that trusts and estates with relatively small amounts of net investment income
may nonetheless be in the highest income tax bracket and be subject to the 3.8 percent NIIT.
* This net investment income
tax may be imposed if you report modified adjusted gross income (MAGI) over $200,000, or over $250,000 on a joint tax return.
Kirk, one of the two principal authors of the proposed and final net investment income
tax regulations (T.D.
The new Net Investment Income
Tax (NIT) enacted pursuant to the Patient Protection and Affordable Care Act contains hidden traps for small business owners operating in an entity treated as a "pass-through entity" for federal income tax purposes--an S corporation, LLC, limited partnership or other entity taxed as a partnership.