@MICKEY79 wrote:
Thank you for your very detailed response. It wasn't the answer I was hoping for but it makes sense. I can still look at optimizing our families Education tax credits based on how we handle my daughter as a dependent.
Since students typically do not have much earned income, educational credits usually benefit the parent much more than the student since most credits are based on AGI and taxable income.
Even with the "kiddie tax" and enough unearned income to require filing a tax return, the student might not have enough taxable income after the standard deduction to have any tax at all.
Because the kiddie tax cannot be reported using the TurboTax free version then (unless yiu are using the desktop version I would suggest the IRS "FreeFile". https://apps.irs.gov/app/freeFile/
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
