Question
1099-div for minor
I am finding conflicting reports- many times on the same discussion forum post.
I have a dependent who is 11 years old and has a 1099-DIV showing $131.12 of dividends and $1,123.87 of capital gain distributions.
I am seeing one forum response to this issue seeming to indicate that it doesn't need to go anywhere if it's under $1,250 and one forum response to the same question showing that I need to report it on my wife and I's joint income tax filing.
Would someone please clarify?
Also, if I DO need to use form 8814, how do I get TurboTax to generate it for me?
thank you!
