EverFi Educational.. mmjhlhj thj jh h... /d Wendy Pretend Pla... Pokemon GO Game.. d Problem 6-10 Unearned Income of Minor Children and Certain Students (LO 6.4) Explain the two different ways that the tax on unearned income of minor children, or "kiddie tax," can be reported. The kiddie tax may be computed on Form 8615 Include the income by attaching Form 8814 which is attached to the child's tax return. Alternatively, the parents To make this election, the child's unearned income must be more than S may elect to and less than $ Feedback Tax law contains provisions that limit the benefit of shifting income to certain dependent children. The net unearned income of dependent children may be taxed at their parents' rates. This parental tax rate applies to dependent children who are ages 18 or younger and students i ages 19 through 23 at the end of the year, who have at least one living parent, and who have "net unearned income" for the year. There is a separate form used to report the so-called "kiddie tax". If certain conditions are met, parents may elect to include a child's gross income on the parents' tax return. Check My Work