IS A 20 YEAR OLD COLLEGE STUDENT WHO RECEIVES AN IRA DISTRIBUTION FROM A DECEASED UNCLE SUBJECT TO THE KIDDIE TAX?
IRA/Pension income is considered unearned income, so if the student is claimed as a dependent of their parents there may be Kiddie tax to be reported.
@pamdory wrote: so if the student is claimed as a dependent of their parents there may be Kiddie tax to be reported.
so if the student is claimed as a dependent of their parents there may be Kiddie tax to be reported.
The 'kid' may be subject to Kiddie Tax even if parents are not able to claim him as a dependent.
