@dmertzThank you very much for your explanationNow I understand I couldcheck the box to maximize profit sharing keogh but can't check the box to maximize contri...
@MarilynG1Thank you so much! Now my son is able to claim the American education credit and pay no tax on the summer scholarship! and thanks@KrisD15, Both of you...
Thanks@KrisD15You are so right! I finally figured out why my son has to pay extra tax due to Kiddie tax. It is unfortunate that his summer scholarship is a taxa...
@KrisD15You are correct. Now I understand how this number is calculated. My son has investment income, plus summer intern scholarship issued in 1099-misc form b...
Thanks @KrisD15, following your suggestion to file our son as dependent as he has tax liability. He makes money <50% of his expense, his 1098-T has tuition abou...