in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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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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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:
https://ttlc.intuit.com/replies/3302185
Also, see this FAQ for additional information about the kiddie tax this only applies if your child has unearned income exceeding $2,100:
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:
https://ttlc.intuit.com/replies/3302185
Also, see this FAQ for additional information about the kiddie tax this only applies if your child has unearned income exceeding $2,100:
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