Yes, that is correct. When a minor has more than $2,300, in interest, dividends, and other unearned income, and at least one living parent, the "Kiddie tax" is triggered and the parent's tax rate is used. Click here to learn more about this.
There are no exceptions for unusual circumstances like death.
California follows the federal law on this topic.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
