Question: Allison, age 2 0 , is a full - time student. She received interest and dividends totaling $ 9 , 7 0 0 . She
Allison, age is a fulltime student. She received interest and dividends totaling $ She had no other income. Allison's parents provide all her support. Her parents do not make the election to include her investment income on their California return. Which California form must Allison file?
Form
Form
Form
Form
No because $ is less than the California standard deduction for a single taxpayer.
No if a taxpayer does not itemize on their federal return, they cannot itemize on their California return.
Yes, because $ is a better deduction for him than the California standard deduction of $
Yes, because $ is a better deduction for him than the California standard deduction of $
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
