"John Smith" <rshap2l[at]yahoo.com> wrote:

- quote -

Yes. I personally know a child (well, now he's no longer a
child) who turned 14 on January 1, 1992. The child had
sufficient investment income that he would have been subject
to the kiddie tax for 1991 had he been under age 14 as of
January 1, 1992. Of course, he still had to file but none
of his investment income was taxed at kiddie tax rates.

Barney Byrd

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John Smith wrote:

- quote -

Yes. In fact, the instructions for completing Form 8615 make it
quite clear that the form is only to be filed if the child is
under age 14 at the end of the year.

--
Alan
http://taxtopics.net

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If my daughter turns 14 in November of 2004, and receives
income in April of 2004, my reading of Pub 929 indicates
that because she will be 14 at the end of the tax year, then
the income is not subject to the Kiddie Tax even though she
was actually 13 when she received the income. Is my
understanding correct?

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