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Financial Planning / Tax Strategies
|Subject: Re: Why Not Take Gains in UTMA?||Date: 2/7/2013 10:02 PM|
|Author: TMFPMarti||Number: 117678 of 121261|
I recently discovered that, for 2012, she can have up to $1900 in "unearned" income without paying taxes
Unlearn that. You're confusing two things: filing requirement (which implies having to pay tax) and the threshold for "kiddie" tax rates. For 2012 if a dependent has nothing but unearned income the standard deduction is $950. Beyond that tax is due.
See the 1040 instructions.
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