You do not enter the
child's income on your return. You can still claim your child as a
dependent. They will have to file their own return for the 1099-Misc if the
amount is $400 or more and the income is reported in Box 7. Even though
there will be no regular income tax on it, they have to pay
self-employment tax on it.
On the Child's
return be sure to check the box that says they can be claimed on someone else's
return. That is VERY important. Double check
that.
NOTE: If the amount is in Box 3 of 1099-MISC (other income) and $6,300 or more, then the child must file a tax
return. And again, the child must indicate
they can be claimed on someone else's tax return.
Here are the steps to create another online account if your child needs to prepare a tax return:
Each TurboTax Online
account is for one federal tax return.
However, you can create another TurboTax Online account to file another
return using the same email address but a
different login for each account. If you are preparing multiple
tax returns, a CD/Download may be more economical. See the info below for creating another
online account or for purchasing a CD/Download:
Create another TurboTax
Online account:
https://ttlc.intuit.com/replies/3288574
CD/Download products:
If you are planning
to prepare more than one return, you may want to consider purchasing a
TurboTax CD/Download as you get 5 free
federal e-files with the product.
Here is a link to the CD/Download products: https://turbotax.intuit.com/personal-taxes/cd-download/
