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Taxpayer has the following data Wages $250,000 Dividends $50,000 Investment Interest $5,000 MAGI $25,000 Assuming Taxpayer is subject to the Net Investment Income Tax, what
Taxpayer has the following data Wages $250,000 Dividends $50,000 Investment Interest $5,000 MAGI $25,000 Assuming Taxpayer is subject to the Net Investment Income Tax, what amount of NIIT would Taxpayer pay? O $11,210 $1,710 O $950 O $9,500 QUESTION 18 Taxpayer owns 40% of DEF, Ltd. Taxpayer has beginning basis in their investment in DEF, Ltd of $100. During the year DEF, Ltd recognizes income of $500. During the year, Taxpayer receives a distribution of $50. Based on these facts, what is Taxpayer's ending basis in DEF, Ltd? O$250 O $280 $550 $100
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