Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
mcmismylife
New Member

We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!

Our daughter is 17 and we claimed her as a dependent but need to file for her. According to the internet we are not required to withhold s.s. and medicare and she doesn't owe that on the money we paid her, but will she need to pay federal income tax on the $8000?

1 Best answer

Accepted Solutions
RichardK
New Member

We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!

Yes, she may be required to file and may have a small tax liability, click here for more information. 

View solution in original post

2 Replies
RichardK
New Member

We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!

Yes, she may be required to file and may have a small tax liability, click here for more information. 

mcmismylife
New Member

We have a family business (sole proprietorship) and paid our daughter 8000. any tips on filing her tax return would be appreciated!

Thanks for the link!

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~