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No, a transfer of ownership means the rental income is reported by the owner of the property. Rental income is reported by the owner of the property.
The reporting of the child's income my be required on the parent's rate.
You may use Form 8615, Tax For Certain Children Who Have Unearned Income to figure your child’s tax if all of the following are true:
Even if all of the above is true, you still have the option of including your child’s income on your own return by filingForm 8814, Parents' Election to Report Child's Interest and Dividends, but if any of the above is not true, then Form 8615 cannot be used.
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