Which of the following income items from an S corporation is not consi.docx

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All of the listed income items - passive income, interest income, dividends, and short-term capital gains - from an S corporation are considered investment income for purposes of the Net Investment Income tax. The Net Investment Income tax imposed by section 1411 of the Internal Revenue Code includes interest, dividends, capital gains, rental and royalty income, non-qualified annuities, and income from businesses involved in trading financial instruments or commodities, as well as passive business activities.

Education

Which of the following income items from an S corporation is not considered investment income
for purposes of the Net Investment Income tax?
a) Passive
income.
b) Interest income.
c) Dividends.
d) Short-term capital gains.
e) All of these are considered investment income for the Net Investment Income
tax.
Solution
Answer: (e) All of these are considered investment income for the Net Investment income tax.
Note: Nat Investment income tax are imposed by section 1411 of the Internal Revenue Code.It
includes interest, dividends, capital gains, rental and royalty income, non-qualified annuities,
income from businesses involved in trading of financial instruments or commodities and
businesses that are passive activities to the taxpayer (within the meaning of section 469).

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