topic My minor dependent received a W-2 for less than $1200 in wages and a 10999-SM for $1050, do I need to report those on my taxes in Get your taxes done using TurboTax

My minor dependent received a W-2 for less than $1200 in wages and a 10999-SM for $1050, do I need to report those on my taxes

gdavids — Thu, 06 Jun 2019 09:30:43 GMT

Unlike other taxpayers, the IRS treats your child differe...

Patrice — Thu, 06 Jun 2019 09:30:45 GMT

Unlike other taxpayers, the IRS treats your child differently depending on whether they earn money from work or through investments. All dependent children who earn more than $6,300 of income in 2016 must file a personal income tax return and might owe tax to the IRS. Earned income only applies to wages and salaries your child receives as a result of providing services to an employer, even if only through a part-time job.

However, even if your child earns less than $6,300 during 2016, it may be a good idea to file a tax return for them, because they could be eligible for a tax refund. Regardless of the amount of income your child earns, their standard deduction is different than yours. It can never exceed the larger of $1,050 or their earned income plus $350, with the maximum equal to $6,300.

No, you do not report your minor dependent income on your...

Patrice — Thu, 06 Jun 2019 09:30:47 GMT

No, you do not report your minor dependent income on your return.

Is the 1099 a 1099Misc? If so they need to file their ow...

VolvoGirl — Thu, 06 Jun 2019 09:30:48 GMT

Is the 1099 a 1099Misc? If so they need to file their own return. Be sure on their return they check the box that says they can be claimed on someone else's return.

Online is only good for 1 return. But you can use the same email address for 5 accounts. How to start another return in the Online version https://ttlc.intuit.com/replies/3288574

I looked it up. A 1099 SM is really a SSA-1099 for Socia...

VolvoGirl — Thu, 06 Jun 2019 09:30:50 GMT

I looked it up. A 1099 SM is really a SSA-1099 for Social Security. It's not a 1099-MISC, sorry about that.

So they only need to file a return to get back any withholding taken out of the W2.