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With the Tax Cuts and Jobs Act (TCJA), the net unearned income (which can include...

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Accounting

With the Tax Cuts and Jobs Act (TCJA), the net unearned income (which can include interest and dividend payments) of a child subject to the "Kiddie Tax" rules were taxed at the income rates that apply to trusts and estates. The Further Consolidated Appropriations Act, 2020 repealed the Kiddie Tax changes and the net unearned income of a child subject to the "Kiddie Tax" will be taxed at the:
Question 26Select one:
a.
Ordinary income tax rates that apply to the child
b.
Long term capital gains rates that apply to the parent
c.
Ordinary income tax rates that apply to the parent(s)
d.
Capital gain income rates that apply to C-Corporations.

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