A parent may elect to include a child\'s income in the parent\'s return if: (Poi

Question

A parent may elect to include a child's income in the parent's return if: (Points : 2)        The child is under age 18.
       The child's income is only from interest and dividend distributions.
       The child's gross income is more than $1,000 and less than $10,000.
       All of the above must be met for a parent to elect to include a child's income in the parent's return. A parent may elect to include a child's income in the parent's return if: (Points : 2)        The child is under age 18.
       The child's income is only from interest and dividend distributions.
       The child's gross income is more than $1,000 and less than $10,000.
       All of the above must be met for a parent to elect to include a child's income in the parent's return.

Explanation / Answer

Solution: D All of the above must be met for a parent to elect to include a child's income in the parent's return

Explanation: A parent has the facility to avoid having to file a tax return for the child by including the child's income in the parent's tax return. To make this election they should ensure the child is under age 18, had income only from interest and dividends and the gross income is more than $1,000 and less than $10,000

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