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CPAsNET Firm Of The Month

June 2016

Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five important points to keep in mind if your child has investment income:

  • Investment Income.

Investment income generally includes interest, dividends and capital gains. It also includes other unearned income, such as from a trust.

CPAsNET.com
PO Box 4827 cpasnet@cpasnet.com phone: 609-890-0800
Boulder, CO 80306 July 1, 2016 fax: 609-689-9720