To report your child's income on your return, simply follow these instructions and we'll apply the Kiddie Tax calculations. Related Information: What is the Kiddie Tax?
T Accounts The simplest account structure is shaped like the letter T. The account title and account number appear above the T. Debits (abbreviated Dr.) always go on the left side of the T, and credits (abbreviated Cr.) always go on the right.
credit. 1  acknowledgment of an income, liability, or capital item by entry on the right-hand side of an account. 2  the right-hand side of an account. 3  an entry on this side. 4  the total of such entries. ( 5 as modifier): credit entries Compare debit (sense 1)