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Posted by Benjamin Yazersky CPA on February 6, 2007, 9:58 pm
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> I have a 12 year old son whose investment income was over
> 4000. Since he's under 18 and his income was over 1700, I
> filled out a Form 8615 to (try to) figure his tax.
>
> (Oh, btw, I also have a 14 year old daughter whose
> investment income requires this form, too. That made it a
> little complicated.)
>
> Does it make sense that the Form 8615 made no difference,
> that is to say, line 17 (tax on his income as computed from
> Dividend and Cap Gain worksheet) was a larger value than
> line 16?
the concept of the kiddee tax is for your kids to pay tax at
your (the parent's) marginal tax rate
so, you can't do the kids returns until yours is done you
need to put in your (the parent's) income (don't have form
infront of me now, so I can't state the line #)
___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----
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