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New Member
posted Apr 5, 2024 4:42:38 PM

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?

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2 Replies
Expert Alumni
Apr 5, 2024 4:51:57 PM

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

 

Here's more info on Dependent Filing Requirements

Level 15
Apr 5, 2024 4:52:01 PM

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