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file income tax with dependents' income and loss
Q. I plan to include dependents' income and loss into mine for my 2005 tax return. One dependent has capital gain income more than 1600, and the other has capital loss. The overall gain will be postive. In addition, I will owe some AMT for 2005. If I include their income and loss into mine, I can save some taxes because regular tax afterall is larger and AMT portion will reduce. Am I allowed to do so?
A. -Question : I plan to include dependents' income and loss into mine for my 2005 tax return. Answer: You can't do that. Question: One dependent has capital gain income more than 1600, and the other has capital loss. The overall gain will b
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