Question
When does the kiddie tax apply?
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Answer
When a child has net unearned income above the threshold.
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Question
Why does TCP emphasize sequencing more than routine 1040 preparation for individuals?
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Answer
Because losses and taxes interact across multiple limitation layers.
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Question
How do ISOs differ from NQSOs for regular tax and AMT?
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Answer
ISOs have no regular-tax income at exercise; the bargain element is an AMT preference. NQSOs trigger ordinary income at exercise.
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Question
When do RSUs create ordinary income?
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Answer
At vesting, measured by fair market value.
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