If the net unearned income of a minor child is to be taxed at trust and estate rates, the parents may elect, under certain conditions, to include the child's gross income on their tax return.

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This is true. The parents can elect to include the child's gross income on their tax return if certain conditions are met, such as the child being under 19 years old or a full-time student under 24 years old. This is known as the "kiddie tax" rule.

If the Net Unearned Income of a Minor Child Is