Thanks for your response@Hal_Al"Yes. Because it is earned income for purposes of the standard deduction calc, the first 12,950 will not be taxed and the first $...
Just to clarify .....My daughter has 19K in unearned taxable income from a scholarship after tuition payments. This goes toward her room and board. This is on a...
Thanks@Hal_Al,Yes, following form 8615 it is either $12550 OR $2200 deduction although I am not sure how anybody would choose the $2200 deduction since $12550 w...
Thanks @MayaDand @Hal_Al,@MayaD the kiddie tax switched back to parents tax rate from 2020 onwards.@Hal_Al and @MayaD- My question was whether the "kiddie-tax" ...
Thanks,My full question did not post - reposting. My daughter gets scholarship for tuition & living expenses -1098T shows exact tuition amount. After tuition, b...
