@dimmi0205 wrote:
since its deposited in Minor roth (which is an after tax account) and the earned income was in cash and no tax was paid upfront but all earnings were as is deposited in minor roth - so would there be no tax liability?
Re-thinking this -
The income earned for the sale of the artwork could be construed as self-employment income and since the income was $400 or more he would have to file a tax return and report the income and any expenses on a Schedule C.
You can decide to file a tax return for him for the self-employment income and if you do make sure that you indicate on the return that he can be claimed as a dependent.
Also, If you're filing a return for a minor child who cannot sign the return, sign the child's name followed by the word "by," then your signature, and your relationship, such as "parent" or "guardian for minor child."
