Commentary: How to calculate deductions against new 3.8% Medicare surtax

07/25/2013 | Nerd's Eye View blog

Several factors determine how net investment income will be affected by the new 3.8% Medicare surtax on portfolio income, Michael Kitces writes. The Internal Revenue Service has issued guidance on the matter and will provide forms to simplify calculations of deductions related to the tax. In this column, Kitces explains the proposed regulations regarding the deductibility of investment management fees for purposes of the 3.8% Medicare tax.

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