My son needs to file his own tax return, $3500 grant & $670 W2 income need to report. Turbo tax did not ask his income. Should I just put t$4170 to item 2b on form 8962?
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dilyschui
New Member

My son needs to file his own tax return, $3500 grant & $670 W2 income need to report. Turbo tax did not ask his income. Should I just put t$4170 to item 2b on form 8962?

Will the unearned income of $3500 be included to item 2b?

1 Reply
Leonard
Intuit Alumni

My son needs to file his own tax return, $3500 grant & $670 W2 income need to report. Turbo tax did not ask his income. Should I just put t$4170 to item 2b on form 8962?

No your son's $3,500 grant is not included in his Modified Adjusted Gross Income MAGI under the Affordable Care Act.

The link below has information that you may find useful.

http://laborcenter.berkeley.edu/pdf/2013/MAGI_summary13.pdf

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