How To Reduce Clients Investment Income Tax Bite

In Focus Resource Center > Insights

How To Reduce Clients' Investment Income Tax Bite

By Joe Buble .

Citrin Cooperman Partner and Tax Practice Leader Joe Bublé spoke with Financial Advisor Magazine's Jeff Stimpson about how to reduce clients' investment income tax bite.

"Interest paid for investments in passive activities, such as businesses the investor isn’t materially involved in running, generally won’t qualify for the deduction.

“The 3.8% net investment income tax (NIIT) surprises many,” added Joe Bublé, a CPA and partner at Citrin Cooperman in New York. “In addition, the loss of the deduction of state and local income taxes can cause the effective long-term capital gains tax rate on the sale of stocks for, say, a New York City resident to be as high as 36%.”

Related Service

Related Industry

Related Insights

All Insights

Our specialists are here to help.

Get in touch with a specialist in your industry today.

First Name

Last Name

Email Address

Zip Code

Industry

Role

Company Name

Reason for Inquiry

Message

* Required

* I understand and agree to Citrin Cooperman’s Privacy Notice, which governs how Citrin Cooperman collects, uses, and shares my personal information. This includes my right to unsubscribe from marketing emails and further manage my Privacy Choices at any time. If you are a California Resident, please refer to our California Notice at Collection. If you have questions regarding our use of your personal data/information, please send an e-mail to privacy@citrincooperman.com.

In Focus Resource Center > Insights