a few more questions on kiddy tax on unearned income less than $2500 but more than $1250
1. Since we claim the child as a dependent on our income tax returns, does it affect his tax return for the $2400 unearned income?
2. If the minor child files income tax return for the unearned income, what forms to be included? 1040 + 8615? Am I right that one reports the iBond interest income on Form 8615 but not on Schedule B?
