The only aid he got was his scholarship. Outside of that, that is it. Looks like I will have to go with the kiddie tax. Just seems a lot for the 14000 non qualified distribution to cost 5250 dollars in penalty and income tax. Without being marked as kiddie tax it was around 2500. That kiddie tax I guess pushed it into our tax bracket which is higher obviously.
Hopefully the last question. If I do it with putting both forms on our joint return, it will say our son needs to report the tax on his return. So then I have to put those forms on his return anyways so the calculation is correct. Correct? Since I have to put it on his there seems to be no reason to mention them at all on mine. I'm sure these seem like stupid questions.
