Unearned Income of Minor Children and Certain Students Brian and Kim have a 12-year-old child, Stan. For 2020, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No...

Unearned Income of Minor Children and Certain Students

Brian and Kim have a 12-year-old child, Stan. For 2020, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return.

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For purposes of the tax on a child's unearned income, Stan's taxable income is $3,400

Stan's net unearned income is $2,300

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