A parent may elect to include a child's income in the parent's return if:
A)No estimated tax has been paid in the name of the child and the child is not subject to backup withholding.
B)The child's income is only from interest and dividend distributions.
C)The child's gross income is more than $1,050 and less than $10,500.
D)All of the above must be met for a parent to elect to include a child's income in the parent's return.

Question

Quizplus · Accepted Answer

All of the given options must be met for a parent to elect to include a child's income in the parent's return. The child's income must be below $10,500, only from interest and dividend distributions, and no estimated tax has been paid in the name of the child and the child is not subject to backup withholding.

A Parent May Elect to Include a Child's Income in the Parent's