Correct. TOSI is the Tax on Split Income form.
Prior to TY18, the TOSI applied the highest marginal tax rate (currently 33%) to "split income" of an individual under the age of 18. In general, an individual's split income includes certain taxable dividends, taxable capital gains and income from partnerships or trusts. Now, these rules apply to individuals under 25.
PalpatablePalpatine
Returning Member
Clambuch
New Member
akashkahlon11-gm
New Member
rob-hepburn
New Member
sajidk
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.