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Client's college son who he fully supports has div income of…

client's college son who he...
client's college son who he fully supports has div income of 1722 and stock trans with little or no gain... is this safe from kiddie tax?
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3/27/2018
Chad EA, CFP ®
Chad EA, CFP ®, CERTIFIED FINANCIAL PLANNER TM, Professional
Category: Tax
Satisfied Customers: 2,178
Experience: Federally licensed IRS Enrolled Agent, Certified Financial Planner (R), MBA
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If the child's interest, dividends, and other unearned income total more than $2,100, part of that income may be subject to tax at the parent's tax rate instead of the child's tax rate. ---

If the total income is $1,722 then the income would not be subject to taxation at the parents tax rate.

___

I have placed a link below from IRS.Gov for further information concerning tax on a Child's Investment and Other Unearned Income (Kiddie Tax)

https://www.irs.gov/taxtopics/tc553

Please let me know if this has answered your question or if you have any additional questions.

When you have no further questions a positive rating of 5 stars is much appreciated.

Thank you!

Chad EA, CFP ®
Chad EA, CFP ®, CERTIFIED FINANCIAL PLANNER TM, Professional
Category: Tax
Satisfied Customers: 2,178
Experience: Federally licensed IRS Enrolled Agent, Certified Financial Planner (R), MBA
Verified
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Chad EA, CFP ®
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Chad EA, CFP ®, CERTIFIED FINANCIAL PLANNER TM, Professional
Category: Tax
Satisfied Customers: 2,178
2,178 Satisfied Customers
Experience: Federally licensed IRS Enrolled Agent, Certified Financial Planner (R), MBA

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