topic My son is disabled; received a K-1 for a Gifttrust that matured on his 21st B-day. $385 was his only other income. The money ($2500.00) was all put into an ABLE 529 plan. in Education

My son is disabled; received a K-1 for a Gifttrust that matured on his 21st B-day. $385 was his only other income. The money ($2500.00) was all put into an ABLE 529 plan.

gregc-estim — Thu, 06 Jun 2019 09:46:29 GMT

Does he need to file a State or Federal return? He is a dependent of mine; can this be entered on my return?

(K-1 line 4a is $198. line 11 A is $21. Line 12 A is $1. 12J is $1. He is a Domestic beneficiary. He was 21 on December 24, 2016).

You will not include your son's income on your tax return...

AmyT — Thu, 06 Jun 2019 09:46:31 GMT

You will not include your son's income on your tax return.

Based on the K-1 information that you have provided (plus his other income), he is not required to file a tax return. You can double-check (or use this in future years) at https://www.irs.gov/uac/do-i-need-to-file-a-tax-return

Note: If there was federal or state withholding from his other income, you may wish to file a return to get a refund of those taxes.