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Pimbley
New Member

Where do I enter, on my child's (19) tax return, the taxable income my TT tax return says needs to be entered?

 
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5 Replies

Where do I enter, on my child's (19) tax return, the taxable income my TT tax return says needs to be entered?

I am not sure I understand your question.  Are you preparing your son's tax return?  Where his income goes, depends on the type of income.  In certain circumstances, it will be reported on your tax return.  (investment income over a certain amount)

If you are reporting Investment Income see the attached file for instructions.

First is your son, who is 19, still in school (college) and are you claiming him as a dependent?

Even if he is a dependent, he will generally need to file a 2017 tax return if his:

  •  earned income (money made by working) exceeds $6,350, or
  •  unearned income (interest, dividends, capital gains, etc.) exceeds $1,050, or
  •  business or self-employment net income (gross minus expenses) is at least $400, or
  •  gross income (earned plus unearned) exceeds the larger of $1,050 or your earned income (up to $6,000) plus $350.

Even if his income falls below these filing requirements, he may want to file to get any taxes that were withheld from his paychecks.

If he has Investment Type Income  between $1050 and $10,500  see attached instructions.

Pimbley
New Member

Where do I enter, on my child's (19) tax return, the taxable income my TT tax return says needs to be entered?

Thx. Yes, I am filing her return to claim back taxes she paid. On my return (where she is a dependent) the educational process (1098-T and 1099-Q - & she is the student/recipient) yields an amount that TT says she should report as income. Not sure where to put this on her return (there being no document for it e.g.1099)?

Where do I enter, on my child's (19) tax return, the taxable income my TT tax return says needs to be entered?

I do not know why I said son-apologies
Pimbley
New Member

Where do I enter, on my child's (19) tax return, the taxable income my TT tax return says needs to be entered?

No problem on the son/daughter bit! But, original q, I'm still not sure where to put this income on my daughters return? For now I put it under Less Common/Misc. Income with description "Related to Education Scholarship". That work? Thx again.

Where do I enter, on my child's (19) tax return, the taxable income my TT tax return says needs to be entered?

Here is some information I have found about 1099-Q and excess distributions.  This is a really long answer but this person knows this part of the Tax Law.  Toward the end of this information, it specifically addresses 1099-Qs and some tax tips.  Let me know if this helps.  

https://ttlc.intuit.com/replies/5738040

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