|
Unearned income over a certain piddly amt. (ie investment income) for a < 17 y.o. requires special treatment. Anything past that amount is assessed at the parental + any underage (used to be 14, now is 17) siblings' combined income rate. So the parents do their taxes, then you do your kids' taxes, then you reassess the parents' return plus the balance of the maximum in addition to any and all other kids.....
My mantra till the mail goes out tomorrow: "H and I are not stupid people. We believe in supporting our gov't as responsible citizens..."
__________________
....but some are more equal than others.
|
Threaded Mode
