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.
Debits CreditsThis is a T account whichis used to anal y ze postingof double entry accountingBoth the right hand column T and the left must have equal totals.The left side is for Debits and the right side is for Credits. Using T Accounts to post journal entries 1.ebits CreditsThis is a T account whichis used to anal y ze postingof double entry accountingBoth the right hand column T and the left must have equal totals.The left side is for Debits and the right side is for Credits. Using T Accounts to post journal entries 1.