Can You Figure Out a Child's Tax on Unearned Income with Form 8615?

To figure the child's tax on unearned income over $2,300 (correct)

To figure the child's tax on earned income over $2,300

To figure the child's tax on unearned income under $2,300

To figure the child's tax on all income over $2,300

All of the above

The child must be a full-time student at least age 19 and under age 24 at the end of the tax year and have earned income that was more than half of the child's support

The child must be under age 18 at the end of the tax year (correct)

The child must be age 18 at the end of the tax year and have earned income that was more than half of the child's support

A tax on all investment income

A tax on the lesser of net investment income or the excess of modified adjusted gross income (MAGI) over a threshold amount (correct)

A tax on unearned income under $2,300

A tax on earned income

<p>To figure out a child's tax on unearned income over $2,300</p> Signup and view all the answers

<p>If the child's unearned income was over $2,300 and they meet certain age requirements</p> Signup and view all the answers

<p>A 3.8% tax on the lesser of net investment income or the excess of modified adjusted gross income (MAGI) over a threshold amount</p> Signup and view all the answers