How do I report son receival of $689.30 in interest income from redemption of US Savings Bonds?
son received $689.30 in interest income from redemption of US Savings Bonds. does this need to be reported on my taxes. He was a dependent child at 18 at time of redemption
If the dependent child had unearned income of $1,050 or less and had no other type of income for the year, then the unearned income does not need to be reported on a tax return.
