Project Description

For estate and trusts to which it applies, the new 3.8% tax on  net investment income is imposed on the lesser of an estate’s or trust’s undistributed net investment income for the  tax year or the excess of the adjusted gross income over the dollar amount at which the highest tax bracket for estates and trust begins ($11,950 for 2013)

Recent Developments in Estate Planning – Part I – PDF of the Tax Adviser Article