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Get your taxes done using TurboTax
Now, I don't have to pay the awful "kiddie tax" tax rates from the 2017 tax legislation if the money is distributed to the beneficiary, right?
OK........WRONG! If the money....taxable....is distributed to your dependent who is 18 years of age or under or who is a full-time students under age 24 that income is unearned and could be taxed at your marginal rate.
Is this what you're talking about here?
‎April 10, 2024
3:46 PM