[Anonymous]

On page 17 of the REG Ninja notes it has the following formula:

Child’s unearned income

(early withdraw penalties)

(1000)

(greater than 1000 or child’s itemized deduction related to unearned income)

---

amount taxed at parent’s rate

However, in the Ninja audio, instead of the “1000” amount, Jeff says the amount is “950.” So for the purposes of taking the exam in 2014, is it 1000 or 950?

[jeff]

It's $1,000.

On the NINJA Audio, it sounds like I forgot to update that part, which I apologize for.

It's not significant – and they usually don't test nit-picky tax law tweaks that can change from year to year.

[jeff]

It's $1,000.

On the NINJA Audio, it sounds like I forgot to update that part, which I apologize for.

It's not significant – and they usually don't test nit-picky tax law tweaks that can change from year to year.

[Anonymous]

Cool, thanks for clarifying 🙂

[Anonymous]

Cool, thanks for clarifying 🙂

[Author]

Replies