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Get your taxes done using TurboTax
If that was the only income she had, you wouldn't need to include your daughter's interest on your return because it's under $1,300 and therefore not taxed. If you do decide to enter it into TurboTax, make sure you enter it on Form 8814, Parent's Election to Report Child's Interest and Dividends and not in the same place that you would report your own interest. You'll find this in the Less Common Income section under Wages and Income.
California has the same treatment, but their form number is Form 3803.
For more information, review this IRS article on Kiddie Tax.
‎April 8, 2025
3:16 PM
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