2018 Tax Year : Where do i enter my child /minor 1099-INT income ?

Where do i enter my minor's 1099-INT income under $50 ? is it on my return where i count as them as dependent or separate return?

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1 Best answer

Expert Alumni

Jun 1, 2019 1:09:08 PM

If your child's interest income is only under $50 then you do not need to report it. Please see the filing requirements for dependents:

Also, see this FAQ for additional information about the kiddie tax this only applies if your child has unearned income exceeding $2,100:

Expert Alumni

Jun 1, 2019 1:09:08 PM

If your child's interest income is only under $50 then you do not need to report it. Please see the filing requirements for dependents:

Also, see this FAQ for additional information about the kiddie tax this only applies if your child has unearned income exceeding $2,100: