My 17-year-old was paid 4K as a 1099 employee.
Can I put the whole thing in an IRA and not FILE taxes? Does it matter if I put it in a Roth or Regular IRA?
Do we need to file?
He has filed before but never owed because he has never made more than 6K.
Part 2- My 13- year old made 3K as a 1099 employee
What if I don't put it in an IRA, do we need to file his taxes?
He has never filed before.
