John is single and has AGI of $250,000. He also made the following investments. What is his total Net Investment Income Tax for the gains and losses in 2020?

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 5CPA: Danny received the following interest and dividend payments this year. What amount should Danny...
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John is single and has AGI of $250,000. He also made the following investments. What is his total Net Investment Income Tax for the gains and losses in 2020?

Long Term or Short Term Total Gain/Loss
Long Term $3,500
Short Term -$8,500
Long Term  -$10,000
Short Term $500
Short Term -$3,000
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