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Author: ORA100 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Kiddie Tax/Long Term Capital Gains Date: 3/19/2010 6:35 PM
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Assuming he has no other income, he would have a standard deduction of $950. The first $950 of taxable income would be taxed at his LTCG rate, which is 0%. The remaining $4400 of LTCG would be taxed at your LTCG rate: 0%, 15%, or a blend of the two depending on the composition and amount of your taxable income.

Ira

Thanks for the reply. Would the tax be figured/filed under form 8615 or the Schedule D Worksheet?

Doug
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