My minor child has received both a 1099b for $1500 and a 1099DIV for $400- can this all go on my return or do they need to do their own?

Forum|Forum|7 years ago
June 3, 2019
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TurboTax Deluxe Online

Best answer by TomYoung

They need to file their own income tax return.

The upper limit with respect to unearned income before a minor has an income tax return obligation is $1,050. If there was no 1099-B involved then you could file all that income on your own income tax return - though generally it's advised not to do so. But the 1099-B does mean your child must file their own income tax return.

Tom Young

TomYoung

Answer

Alumni - Champ

They need to file their own income tax return.

Tom Young

PB11

Level 2

I have similar question for year 2020.

My kid has $200 of income in 1099-DIV and $300 of income in 1099-B. Do they need to file their return, or do I need to include it on my returns, or I can skip it all together?

Will there be any tax on this amount?

If they need to file their return, can I do it for them under my TT login? In other words, can I file 2 different returns under my login, or do they need their own login and payment method?

Thanks.