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Dependent son taxable income
Our college son made a few hundreds working on campus. we claim him as dependent. How do we report his income? Last year he had a couple of hundred dividend income and Turbox tax instructions was no need to report it if it is below the threshold of $1500(don’t remember the exact number). We plan to put his income into his IRA. But what will happen when he receives form 5498?
July 26, 2023
9:17 AM