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?
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.
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.
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