Hal_Al
Level 15

Education

It depends on how much capital gains and 1099-INT income you have. 

 

None of your income goes on your parent's  return. A dependent child must file a tax return for 2020 if he had any of the following:

  1.          Total income (wages, salaries, taxable scholarship etc.) of more than $12,400 (2020).
  2.          Unearned income (interest, dividends, capital gains, unemployment) of more than $1100.
  3.          Unearned income over $350 and gross income of more than $1100
  4.          Household employee income (e.g. baby sitting, lawn mowing) over $2100 ($12,400 if under age 18)
  5.          Other self employment income over $432, including money on a form 1099-NEC