My kid age 11 has a CD and interest on it was 2200$. Trying to put it in the "less common income" but otherwise he is not reqd to file a return Do I need to report it?

posted

Since it is over $1100 and he is a dependent on your return, it does have to be reported, but you can opt to report it on your tax return instead of filing a separate return for him. To do that,

Sign in to TurboTax and open or continue your return.
Search for child income and select the Jump to link.
We'll ask a series of questions to determine if their income needs to be reported on a tax return (it does). You can report it on your return or their return.

Note: If the child's income is $12,200 or more, it must be on the child's tax return. It can't be included in the parents' tax return.

Does my dependent need to file a tax return?

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