5/7/2013

The net investment income tax, which imposes a Medicare contribution tax of 3.8% on unearned income, will apply to trusts and estates for tax years beginning after Dec. 31, 2012, and has a much lower threshold for trusts and estates than for individuals. This article discusses the application of the new tax, and the author advises fiduciaries to consider reconfiguring investments in light of the new tax and suggests actions to mitigate its effect.

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The Tax Adviser

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