@cloudywithachance
2020 Instructions for IRS Form 8615 Tax for Certain Children Who Have Unearned Income states:
Recent legislation modified the tax rates and brackets used to figure the tax on 2020 unearned income for certain children. For tax year 2020, dependent children with unearned income above a certain amount are taxed at the parents' individual tax rate.
[Edited 02/22/2021 9:03 AM PST]
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