The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: How should kids report small DRiP dividends||Date: 1/3/1999 11:05 PM|
|Author: TMFTaxes||Number: 7949 of 122576|
[[Kids can earn up to $650.00 in unearned income without paying any taxes. This
amount may be incresed for 1998. The dividends will be reported to the IRS,
but assuming no other income at all, they need not report or file anything.]]
Please be aware that the $650 rate was the 1997 rate. The 1998 rate is actually $700.
For what it's worth...
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