Dear TurboTax:
I have a 16 year old that has made his first income as a hockey referee, and he wants to use his 2023 income to fund a Roth IRA. It is unclear if the Premier version I have purchased will allow this type of entry or if I will need to figure out how this type of income needs to be treated in the 2023 IRS Tax filing by using another software solution.
Issues:
1. Can 1099-NEC income be entered into a return for a minor using the Premier edition?
2. If yes, will the Premier edition allow the 1099-NEC income to qualify the minor for his first Roth IRA contribution?
3. If no, what steps do I need to take to file taxes for a minor that has received a 1099-NEC?
He is not a S-Corp, LLC, or any other type of business at this time.
Thanks in advance for considering this situation!
