In order to use Form
8814 as part of your tax return, the following conditions must be met:
• The child was
under age 19 (or under age 24 if a full-time student) at the end of 2016.
“Student” is defined below.
• The child’s only
income was from interest and dividends, including capital gain distributions
and Alaska Permanent Fund dividends.
• The child’s gross
income for 2016 was less than $10,500.
• The child is
required to file a 2016 return.
• The child does not
file a joint return for 2016.
• There were no
estimated tax payments for the child for 2016 (including any overpayment of tax
from his or her 2015 return applied to 2016 estimated tax).
• There was no
federal income tax withheld from the child’s income
In TurboTax, please
do the following:
- Federal Taxes
- Wages & Income
- Less Common Income
-
Child's Income (Under Age 24), Click Start
-
Any Child's Income?, click Yes
-
Child Required to File? click Yes
- Then, Reporting Your Child's Income- You may be able to report your child's income on your return, using Form 8814, "Parents' Election to Report Child's Interest and Dividends".
