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#4
02-12-2004, 06:53 AM
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 Re: children's income Ken Stone <krstone[at]***NOSPAM***snet.net> wrote: - quote - > My children's investments are mostly in tax-protected 529's.
Everyone else has answered the federal question but states> They do have small stock holding with dividend income for > each of $35. Do they need to file returns (or be included in > mine?). vary. In NC the "magic" number is $500 if all the child's income is unearned. Drew Edmundson, CPA (NC) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-11-2004, 02:37 PM
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| Re: children's income Ken Stone wrote: - quote - > My children's investments are mostly in tax-protected 529's.
No.> They do have small stock holding with dividend income for > each of $35. Do they need to file returns (or be included in > mine?). -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-11-2004, 12:03 PM
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| Re: children's income - quote - > My children's investments are mostly in tax-protected 529's.
Children can have up to $750 in investment income before> They do have small stock holding with dividend income for > each of $35. Do they need to file returns (or be included in > mine?). having to file. That income is tax free. All freely provided advice guarantee correct or double your money back Frank S. Duke, Jr. CPA Cincinnati, OH USA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-11-2004, 11:44 AM
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| Re: children's income Ken Stone <krstone[at]***NOSPAM***snet.net> wrote: - quote - > My children's investments are mostly in tax-protected 529's.
As long as they only have investment income, and it is less> They do have small stock holding with dividend income for > each of $35. Do they need to file returns (or be included in > mine?). than $750, they don't have to file a return. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-11-2004, 11:05 AM
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| Re: children's income Ken Stone <krstone[at]***NOSPAM***snet.net> writes: - quote - > My children's investments are mostly in tax-protected 529's.
No and no. A dependent child need not file a return for> They do have small stock holding with dividend income for > each of $35. Do they need to file returns (or be included in > mine?). income under $750. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2004, 04:28 AM
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| children's income My children's investments are mostly in tax-protected 529's. They do have small stock holding with dividend income for each of $35. Do they need to file returns (or be included in mine?). Thanks in advance, Ken -- For email response, please remove ***NOSPAM*** from address << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| children, income |
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