Question
How does NIIT differ from self-employment income tax treatment?
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Answer
SE income is excluded from NIIT.
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Question
What is the key AMT consequence of an ISO bargain element?
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Answer
It is an AMT preference at exercise.
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Question
Why does TCP emphasize sequencing more than routine 1040 preparation for individuals?
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Answer
Because losses and taxes interact across multiple limitation layers.
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Question
Why is the QBI deduction sometimes limited below 20% of QBI?
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Answer
The W-2 wage and UBIA limitation can cap the deduction.
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