Tal10 Posted September 13, 2023 Report Posted September 13, 2023 Are gambling winnings subject to the 3.8% Net Investment Income Tax? My software says yes, logic says no, but the tax code says...? Some sources seem to indicate lottery and gambling winnings are not subject to the NIIT, while all other sources are silent in this regard. Thanks in advance! Quote
BulldogTom Posted September 13, 2023 Report Posted September 13, 2023 I don't think so. It is not listed in the instructions for the form for types of income to include in investment income. Tom Longview, TX Quote
Lee B Posted September 13, 2023 Report Posted September 13, 2023 The IRS considers Lottery and Gambling winning to be Ordinary Income so no. 1 Quote
Sara EA Posted September 14, 2023 Report Posted September 14, 2023 Perhaps the gambling winnings increased his income enough that his investment income became subject to NIIT. Take a close look at the math on the 8960. 4 1 Quote
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