IRS Publication 550 — Investment Income and Expenses
This is the passage the answer relied on, shown in the document's own words. The highlighted text is the exact excerpt quoted — extracted verbatim by the citation system, so it cannot be fabricated.
Open official source at page 4 ↗
“Filing Status Threshold Amount Married Filing Jointly or Qualifying Surviving Spouse $250,000 Married Filing Separately $125,000 Single or Head of Household $200,000 See Code section 1411, Form 8960 and the Instruc- tions for Form 8960 for more information.”
Foreign source income. If you are a U.S. citizen with investment income from sources outside the United States (foreign income), you must report that income on your tax return unless it is exempt by U.S. law. This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer.
Employee stock options. If you received an option to buy or sell stock or other property as payment for your services, see Pub. 525, Taxable and Nontaxable Income, for the special tax rules that apply.
Disaster relief. Relief is available for those affected by some disasters. See IRS.gov/DisasterT axRelief. Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children® (NCMEC) . Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1 -800-THE-LOST (1-800-843-5678) if you recognize a child.
Excerpt shown from a longer document — use the official source button above to read the complete publication.