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Retirement tax questions
Thank you for the response. But my question relates to how to apply Kiddie Tax under the old rules which existed prior to 2017 and whether there has been any change between the pre-2017 old rules and the current rules in 2019 in case one elects to be taxed not using the trust tax rate, but the parent's marginal tax rate. In my case, Turbo Tax calculates taxes differently using the pre-2017 old rules and new rules electing the parent's marginal tax rate and results in much higher tax using the new rules. I just do not understand this. Thanks again.
‎April 26, 2020
5:29 PM