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Get your taxes done using TurboTax
I thought she would have to file for Social Security and Medicare purposes, because I thought we always owed those. I guess I was wrong about that?
So I am just playing around with TurboTax to see what happens and by putting it in that way (as sporadic activity/hobby), it ends up as "other income", which then classifies it as unearned income, which I don't understand at all. Then because it is unearned income, it automatically defaults to $1150 deduction and also fills out form 8615 - Tax for Children who have Unearned Income and computes a tax rate based on my salary.
March 15, 2023
6:40 PM