Children with US citizenship
Posted: Sun Nov 26, 2017 5:44 am
Are children with US citizenship expected to file tax returns? If they had a junior NISA account, for example?
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Children with US citizenship
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Re: Children with US citizenship
Posted: Mon Nov 27, 2017 9:03 pm
I believe there is no difference in tax treatment of US citizens regardless of their age.
Re: Children with US citizenship
Posted: Mon Nov 27, 2017 10:35 pm
I found this page: https://www.irs.gov/publications/p929#e ... 1000203737
Seems like parents can list the child on the parent's tax return in some cases. Otherwise if the child has more than $1,050 of unearned (dividends, for example) income they have to file.
I really really hate the US tax rules. Seems like NISA isn't much of an option for US citizens either
Seems like parents can list the child on the parent's tax return in some cases. Otherwise if the child has more than $1,050 of unearned (dividends, for example) income they have to file.
I really really hate the US tax rules. Seems like NISA isn't much of an option for US citizens either