North Miami Beach, FL. SPECTOR, ETHYL COHEN, born in (who the hell cares), raised in NYC, transcended this world too soon. Ethyl moved to Miami Beach when she wed the love of her life, Sheldon Spector, who proceeded her in death. As a wife, mother, grandmother, niece, cousin and friend Ethyl was...
Taxable vs Non-Taxable Investment Accounts. by ABC. The taxable status of an investment account refers to the whether any income earned in the account is taxable at the time of earning.
Now, the real thing, though, is the big impact is going to be on estates and trusts, because the cutoff for estates and trusts, when this tax applies, is $11,950. So basically, any interest, dividends, capital gains above $11,950 is going to be subject to the net investment income tax. That's why it's incredibly important for CPAs and for tax attorneys to be cognizant of this and to plan to make distributions or look at how those portfolios should be managed.