Kiddie tax calculation changes with different occupations

[emcpa1040]

Sch D tax calculation for a child changes when I change the occupation 

[George4Tacks · Accepted solution]

Is one of those occupations "student"?

[ctx192021]

Have you found that using "student" changes the calculation? Do you think there is a valid reason for this regarding the calculations? My impression is that what is in the occupation field should not have any bearing on the return.

[George4Tacks]

Try changing occupation to "kid" and see what happens.

[ctx192021]

Yes & any other forms related to unearned income go away when you do that. No kiddie tax, no amt. Just not sure if this is a glitch or intended by Lacerte?

[George4Tacks]

I do not remember the logic, but it is intended by Lacerte. I think it has something to do with a student being eligible to be a dependent. Maybe @Intuit BettyJo  knows why "student" is a killer occupation.

[IRonMaN]

My curiosity often gets the best of me so I have to ask - which is the highest taxed profession?

[George4Tacks]

An attorney authorized to represent in Tax Court?

[George4Tacks]

Oops - I read highest tax profession. I will go stand in the corner.

[abctax55]

In terms of "kiddie tax" - I'd bet on student being the profession that generates the most tax.