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Please answer these questions: 1. 2. Which of the following statements correctly completes the sentence? A taxpayer who began taking required minimum distributions (RMDS) in
Please answer these questions:
1.
2.
Which of the following statements correctly completes the sentence? A taxpayer who began taking required minimum distributions (RMDS) in 2018 or earlier... Must have taken RMDs in 2020 and 2021. May take RMDs in 2020 and 2021. May have taken RMD in 2020, but must take it in 2021. Must have taken RMD in 2020, but may take it in 2021. The "kiddie tax" rules have been changed to: Pre-ARPA rules, allowing the child's unearned income to be automatically taxed at their capital gains tax rate. Pre-TCJA rules, requiring that the child's unearned income is taxed at the parents' marginal tax rate. Pre-ARPA rules, giving the child the option of having their unearned income taxed at either their parents' or their own marginal tax rate. Pre-TCJA rules, allowing the child to automatically exclude up to $1,800 of unearned income. Which of the following statements correctly completes the sentence? A taxpayer who began taking required minimum distributions (RMDS) in 2018 or earlier... Must have taken RMDs in 2020 and 2021. May take RMDs in 2020 and 2021. May have taken RMD in 2020, but must take it in 2021. Must have taken RMD in 2020, but may take it in 2021. The "kiddie tax" rules have been changed to: Pre-ARPA rules, allowing the child's unearned income to be automatically taxed at their capital gains tax rate. Pre-TCJA rules, requiring that the child's unearned income is taxed at the parents' marginal tax rate. Pre-ARPA rules, giving the child the option of having their unearned income taxed at either their parents' or their own marginal tax rate. Pre-TCJA rules, allowing the child to automatically exclude up to $1,800 of unearned incomeStep by Step Solution
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