Important Service Announcement: Based on user feedback we are not shutting down the TaxAlmanac.org website however the site is now an archived version as of June 2014. While all of the existing discussion threads and commentary will be preserved you will no longer be able to edit content, post to forums or create additional logins.

Discussion:Invesment Income of Minor Children

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Tax Questions --> Invesment Income of Minor Children


TimCPA (talk|edits) said:

3 April 2007
My client has two children, 17 yrs. old and 14 yrs. old. Each child has investment income of approximately $1,300. Should the parents include this income on their tax return? Thanks.

Deback (talk|edits) said:

April 3, 2007
Use either Form 8814 on the parents' return or file returns for each of the minors, as normal--whichever results in the lowest tax, including tax preparation fees.

TimCPA (talk|edits) said:

3 April 2007
Thank you!

To join in on this discussion, you must first log in.
Retrieved from "http://www.taxalmanac.org/index.php/Discussion:Invesment_Income_of_Minor_Children"
Personal tools