NASSAUSUFFOLK

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  • 1.  Net investment income tax

    Bronze Most Valuable Member
    Posted 08-04-2014 05:21 PM
    This message has been cross posted to the following Discussions: NASSAUSUFFOLK and Federal Tax .
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    I have an individual tax payer who is a retired partner of a large NYC law firm.  He continues to receive distributions of 413,700 and a K1 indicating line 1 income of 360,000.  There is no entry under line 14 SE Earnings.

    Is the 360,000 subject to the NIIT? 

    Any help would be appreciated.

    Thanks

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    Thomas Fitzpatrick
    THOMAS G. FITZPATRICK, CPA PC
    Woodbury NY
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