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Calculations for unearned income for a child
I'm trying to calculate the tax due for a child who has unearned income. My understanding is that for 2018, any unearned income above $2,100 is subject to tax under the "kiddie" tax tables. However, when filling out the turbotax forms, I only see a $1,050 standard deduction and all income above $1,050 becomes subject to taxes using the "kiddie" tax tables.
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‎June 3, 2019
11:09 AM