Chapter 10

When capital is a material income-producing factor and a partnership interest is transferred by gift or sale to a child who is under age 19 (or 24), the kiddie tax may apply. Under the kiddie tax, some of the dependent child’s distributive share of partnership income may be taxed at the parent’s tax rate, unless the income share constitutes ... ................
................

In order to avoid copyright disputes, this page is only a partial summary.