How you report your child's investment income depends on how much they've made. A person is considered your child if they're a dependent under the age of 19 (24 if a full-time student) as of December 31, 2024.
- If your child's only income is unearned and doesn't exceed $1,300, it doesn't need to be reported.
- If your child's unearned income is between $1,300 and $14,600, they may need to file their own return, but in certain situations, this income can be included on your return.
- If your child's unearned income is $14,600 or more, they need to file their own return.
Instructions are in the link; just choose your platform, TurboTax Online or Desktop: How to enter your child's unearned income.
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