When electing to include long-term capital gains and qualified dividends in net investment income,taxpayers must include all long-term capital gains and dividends recognized for that year.

Question

Quizplus · Accepted Answer

Taxpayers only include long-term capital gains and qualified dividends that are part of net investment income, which may not encompass all recognized gains and dividends for the year.

When Electing to Include Long-Term Capital Gains and Qualified Dividends