Does a minor child's income count toward the parent's NIIT threshold?

Hello - 

 

Pretty simple question here. 

 

A) Does a minor child's capital gains income count against the parent's NIIT threshold?


B) and, if the parent hits the NIIT, does the child (with <threshold) have to pay the NIIT?


My assumption is the child’s NIIT is calculated completely separately from the parent. Is that correct?

 

Thank-you.