topic non-dependent children in Get your taxes done using TurboTax

non-dependent children

codycoyote223 — Mon, 03 Feb 2025 16:43:16 GMT

I have 2 non-dependent great grandchildren, both under 9yrs. I have a small savings account for each one with a 1099int below $20. Do I need to file their 1099int?

Re: non-dependent children

CatinaT1 — Mon, 03 Feb 2025 16:48:33 GMT

No. If the interest reported on the 1099INT is listed under the child's name and social security number and this is the only income they have, they have no filing requirement. Additionally, you would not include this income on your return if the form lists the child's social security number.

Re: non-dependent children

Mike9241 — Mon, 03 Feb 2025 16:49:16 GMT

whose social security number is on the 1099 forms? if it's the children you probably should give the forms to the parents because if the kids need to file that income will need to be included in their returns.

Re: non-dependent children

codycoyote223 — Mon, 03 Feb 2025 16:50:46 GMT

Thank you, That Makes it much simpler!