The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Filing for a minor Date:  2/18/2013  2:17 PM
Author:  ptheland Number:  117821 of 124773

So, with that stated, can I include him (and his income) on my return this year,

As I said before, Yes. Each year stands on it's own.

Why you would make the election to include his income on your return is beyond me. While it is a valid option, the only benefit I've ever found is filing one return instead of two, and it can potentially increase increase the family's overall taxes.

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us