Get your taxes done using TurboTax

You can file it on a separate return for him or on your return.

If a child under 19 or a full-time student age 19-23 has investment income of less than $10,500 consisting of ONLY interest, dividends, capital gains distributions and/or nontaxable distributions, you may elect to report the child's income on the parent's return.  Look for Child's Income or type 8824 in the search box for the entry.

If you file it separately, on the dependent's tax return in Turbo Tax be sure to indicate that "someone else can claim as a dependent"  and "someone else will claim "  in the Personal Info section so the correct exemption is applied.


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