A student has no income, but have some investment with small gain.
Is the $1100 minimum unearned income allow per year or lifetime?
Suppose:
- Year1: investment gain $700. sell and realize the gain. no need to file/pay tax
- Year2: re-invest money and gain $500. sell and realize gain. no need to file/pay tax
- as oppose to do nothing in year1 and then year2 would sell gain 1200 which would require tax filing and taxes.
Is this correct assessment?
