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Investors & landlords
You don't need to report your child's 1099-Div on your tax return, nor are they required to file, unless they want to get tax withheld on wages refunded.
For dependents, a return is required to be filed if:
- Your earned income (money you made by working) exceeds $13,850
- Your unearned income (interest, dividends, capital gains, etc.) exceeds $1,250
Here's more info on Dependent Filing Requirements.
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March 25, 2024
6:50 PM