Hi, my kids received the 1099 int and 1099div tax forms. On prior years I reported that under my return on the 8814 form (kids are 11 and 7) and were within the threshold to be filed under my filing. However they received a 1099b form for 2024 with the long term gains listed. Do I need to file a separately return for each of them now?
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The Forms 1099-B received by the kids must be reported on the kids' own tax returns (assuming that the kid's income is high enough to be required to file).
The Forms 1099-B received by the kids must be reported on the kids' own tax returns (assuming that the kid's income is high enough to be required to file).
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