When the "kiddie tax" is imposed, what is the tax treatment of the resulting income?...
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Accounting
When the "kiddie tax" is imposed, what is the tax treatment of the resulting income?
A. It is taxed as ordinary income to the kids B. It is taxed on the kids tax forms at penalty rates C. A portion may be taxed at tax rates higher than the kids tax rate D. It is taxed as capital gains to the kids
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