What does this mean? Tax form language.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

TerryMiller

Sharpshooter
Special Hen
Joined
Jun 4, 2009
Messages
18,823
Reaction score
18,678
Location
Here, but occasionally There.
Here is some help:

Unearned Income


Unearned Income
Unearned income includes investment-type income such as taxable interest, ordinary dividends, and capital gain distributions.

It also includes unemployment compensation, taxable social security benefits, pensions, annuities, cancellation of debt, and distributions of unearned income from a trust.

This information is found in the Filing Information chapter of Publication 17, Your Federal Income Tax.

Also, it can apply to a child's income from interest on investments made in their name.

Tax on a Child's Investment and other Income

Now, all that linked and quoted, I'm not a tax specialist, just fairly good with "Google-fu."
 

Latest posts

Top Bottom