Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
nbnwoddeb3
New Member

1099-int for a dependent. Do I need to show it on my taxes?

 
1 Reply
Tonita
Level 2

1099-int for a dependent. Do I need to show it on my taxes?

No, you do not need to show your dependent's income on your tax return.  However, if your unmarried dependent's W-2 earnings exceed his/her standard deduction  ($6,300 in 2016), they should file their own return and report the W-2 on their return.

But even if your dependent didn't earn enough to be required to file, s/he may want to file a return to recover any withholdings.


About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v