18 year old dependent full time student has 1099-B.Redeemed $3279, cost basis for Giftrust started in 2000 is $4093.Does student need to file a return?Summer job=$1,293.

dtraylor44 — Thu, 06 Jun 2019 09:11:43 GMT

The students only income for 2016 was summer job and the redeemed Giftrust.

Your child dependent is required to file a tax return for...

NicoleU — Thu, 06 Jun 2019 09:11:45 GMT

Your child dependent is required to file a tax return for 2016 if any of the following apply:

- they had only unearned income (interest, dividends, capital gains) of more than $1,050 (the income is the taxable portion which is the gain, if applicable, not the proceeds received.)

- they had only earned income (wages, salaries, tips, fees) of more than $6,300 (if you dependent received a Form W-2)

- they were self-employed with $400 or more income (if your dependent received a Form 1099 Misc)

topic 18 year old dependent full time student has 1099-B.Redeemed $3279, cost basis for Giftrust started in 2000 is $4093.Does student need to file a return?Summer job=$1,293. in Education

18 year old dependent full time student has 1099-B.Redeemed $3279, cost basis for Giftrust started in 2000 is $4093.Does student need to file a return?Summer job=$1,293.

Your child dependent is required to file a tax return for...