Based on HIGH dollar amount, do I need to report as income?
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No, you will not need to report this as income for either of you. Any income listed for your daughter is never reported by the parent. And this being the case, the social security amount received by your daughter (assuming she had no other income, of course) is not enough to be taxable, although it seems to be a sizable amount. You have nothing to report for this amount on either of your returns.
No, you will not need to report this as income for either of you. Any income listed for your daughter is never reported by the parent. And this being the case, the social security amount received by your daughter (assuming she had no other income, of course) is not enough to be taxable, although it seems to be a sizable amount. You have nothing to report for this amount on either of your returns.
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