If the Net Unearned Income of a Minor Child Is

question 54

True/False

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.

---

Definitions:

Display Form

A graphical layout that presents data fields of a record for viewing or input within software applications.

Startup Option

A setting in software applications that determines what actions are taken or what elements are displayed when the application is first launched.

Macros

Automated sequences of commands or keystrokes that are executed to perform specific tasks more efficiently.

Startup Options

Settings that determine the behavior of a software application or device when it is first launched.