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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.
December 1, 2019
11:27 AM