topic Dependent child income in Get your taxes done using TurboTax

Dependent child income

casagarcia42 — Tue, 15 Oct 2019 20:04:11 GMT

My 18 year old dependent son earned approximately $2,400 in 2018 from a summer job. Do I claim this income on my taxes or does he need to file his own return? If he needs to have filed his own return, I/he did not file for an extension from the April 15th deadline. Is there any penalty for filing today?

Thanks.

Roland Garcia

Re: Dependent child income

Critter — Tue, 15 Oct 2019 20:09:27 GMT

You do NOT report his work income on your return. If he needs to file a return then it goes on his return.

https://ttlc.intuit.com/community/children-dependents/help/do-i-need-to-file-my-own-taxes-if-i-m-a-dependent/00/26111

Re: Dependent child income

DoninGA — Tue, 15 Oct 2019 20:10:10 GMT

A dependent's earned income is never entered on your tax return.

If the income was earned as an employee where a W-2 was received then he does not have to file a tax return if that is his only income. Unless he wants to file to get a refund of the taxes withheld (if any), then he would enter on his tax return that he can be claimed as a dependent.

If he earned the income as a self-employed person receiving only cash or a Form 1099-MISC then he is required to file a tax return since the income was greater than $400. He reports the income and any expenses on a Schedule C for self-employment, part of and included with his personal tax return Form 1040.

Re: Dependent child income

VolvoGirl — Tue, 15 Oct 2019 20:15:48 GMT

If he needs to file he can use the Free Edition or the Free File website.

Online is only good for 1 return per account. But you can use the same email address for 5 accounts. How to start another return in the Online version

https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596

In order to use the Free File program, you have to start it at a special website. Click on the bottom Orange button I Qualify Start Now and set up a NEW account

http://turbotax.intuit.com/taxfreedom/