No, they are not required to file a tax return based on the interest income, dividends and/or sales that equal less than $1,250. No it is not required to be included on your tax return.
You can decide to report the interest on your return if they are required to file and you prefer they do not file their own return.
Dependents:
You must file a return if any of the following apply.
- Your unearned income was more than $1,250.
- Your earned income was more than $13,850.
- Your gross income was more than the larger of:
- $1,250, or
- Your earned income (up to $13,450) plus $400.
@dhuynh44
[Edited: 03/j06/2024 | 12:47 PM PST\
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