Hal_Al
Level 15

Get your taxes done using TurboTax

The tax, for 2019, on that will be $464.  How you get to that is  complicated. I assume  that you are still claimed as a dependent by your parents. As a full time student, under 24, you are subject to the “Kiddie Tax”* on “unearned income”.  The calculations will be shown on form 8615 of your return  (or form 8814 of your parent’s return**).

Form 8615:  https://www.irs.gov/pub/irs-pdf/f8615.pdf

 

*The "Kiddie Tax" is a way pf preventing parents from shifting investment income to their children to avoid tax.  It was revised as part of the 2018 tax law to tax a child's income at trust tax rates.

 

**Since that is your only income, your parents have the option of reporting it on their return and you do not even need to file a tax return.