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Level 1
Apr 5, 2024 11:42 PM UTC
Question

1099 B Gains for child

My daughter received a 1099-B and the total gains was $188.  Does she need to file regardless or the total in column 1d?

    2 replies

    MarilynG
    Alumni - Intuit
    Apr 5, 2024 11:51 PM UTC

    A dependent is not required to file a tax return unless unearned income exceeds $1200.

     

    Here's more info on Dependent Filing Requirements. 

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    DoninGA
    Level 15
    Level 15
    Apr 5, 2024 11:52 PM UTC

    No, she does not have to file sine her unearned income, interest, dividends or capital gains is not more than $1,250.