Thanks DianeW777!
Couple of follow up questions.
7. If they make 10K in interest and capital gains and file with parents using 8814. it seems they will be taxed at parent's current tax rate. Right?
8. Is there any advantage to filing taxes separately for kids?
9. Looks like we can't gift for 2024 now. Right?
10. If I go with TurboTax for my tax filing, how can I get such questions answered middle of the year?
11. I have a different question about my LLC. Should I create a new one or use this thread?
Thanks again!
