Solved: My 20 year old part time college student daughter has $11K in income all of it unearned. Turbo tax is applying a $12K standard deduction. Doesn't kitty tax apply?
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

My 20 year old part time college student daughter has $11K in income all of it unearned. Turbo tax is applying a $12K standard deduction. Doesn't kitty tax apply?

 
1 Best answer

Accepted Solutions
Highlighted
New Member

My 20 year old part time college student daughter has $11K in income all of it unearned. Turbo tax is applying a $12K standard deduction. Doesn't kitty tax apply?

Take a look at the TurboTax article below for an explanation of the Kiddie Tax.

If your daughter was not a full-time student, then the Kiddie Tax does not apply for her age. 

https://ttlc.intuit.com/replies/3301446


View solution in original post

1 Reply
Highlighted
New Member

My 20 year old part time college student daughter has $11K in income all of it unearned. Turbo tax is applying a $12K standard deduction. Doesn't kitty tax apply?

Take a look at the TurboTax article below for an explanation of the Kiddie Tax.

If your daughter was not a full-time student, then the Kiddie Tax does not apply for her age. 

https://ttlc.intuit.com/replies/3301446


View solution in original post

v
Privacy Settings