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Two children have 1099-INT with less that $1250 each. Do I need to report this anywhere?
Hi,
Just had a quick question. I have 2 children, both with a 1099-INT from a savings account (with their own SSN) and selling of government I-bonds under a minors account under my SSN. Each total less than $1,250 each. They also each have a 1099-DIV with less than $10 gained. Do I have to report this anywhere on Turbotax?
Also, for the 1099-INT they received from their government issued I-bonds, does their interest income have to be reported under my SSN since they were minors under my account on Treasurydirect.gov?
Thank you for any help!
March 6, 2024
12:29 PM