In the News

Title

Advisors in Tricky Two-Step to Avert ACA Tax

Document Type

Article

Publication Date

12-22-2015

Abstract

A 3.8 percent surcharge on net investment income contained in the Patient Protection and Affordable Care Act will create extra homework for advisors this year as they figure out which assets to sell through tax loss harvesting.

The tax, known as the Net Investment Income Tax (NIIT), took effect Jan. 1, 2013.