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Author Question: What options are available for reporting and paying tax on the unearned income of a child under age 24? (Read 60 times)

kellyjaisingh

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Question 1

The following information for 2015 relates to Emma Grace, a single taxpayer, age 18:



a. Compute Emma Grace's taxable income assuming she is self-supporting.
b. Compute Emma Grace's taxable income assuming she is a dependent of her parents.

Question 2

What options are available for reporting and paying tax on the unearned income of a child under age 24?


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Marked as best answer by kellyjaisingh on Sep 13, 2020

lorealeza

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kellyjaisingh

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


lkanara2

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Reply 3 on: Yesterday
Excellent

 

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