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If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.
If all of the factors above apply to the child with investment income and you don't or can't choose to include the income on your return, Form 8615, Tax for Certain Children Who Have Investment Income of More Than $1,900 efile it, must be completed and attached to your child's Form 1040A or 1040 Form(Learn which Form 1040 to file here).