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Get your taxes done using TurboTax
It is proper that you are getting those questions. You ARE subject to the kiddie tax and most of the $18K will be taxed at your parent's tax rate.
Yes, your tax will shoot up dramatically because it was entered as unearned income. Unearned income over $2700 is subject to being taxed at the parent's tax rate (the kiddie tax).
March 2, 2026
2:45 PM