Great. Thanks!
One more related clarification: if my kid's non-earned (e.g. dividend) yearly income will be between $1250 and $2500, do I still need to report it in my return? (since it's more than $1250, although, if i understand this correctly, it will be taxed at the kids 0% tax rate since less than $2500)...
... or I need to report my kid's non-earned (e.g. dividend) yearly income only if > $2500 (and obviously < $11,000 at which level my kid needs to file its own tax return)....
Thanks again!
