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0512
Level 1

child income

My child is age 17 and received a 1099-MISC for 2020.  It has $808.88 in box 3.  This was from a 4H project.  She had expenses of $629.  Does she need to file a tax return.  This is her only income.

2 Replies
macuser_22
Level 15

child income

No since her total unearned income for the year is less than the $1,100 filing requirement.     

 

EDITED:  If this was for the sale of a project animal then is is earned income an the filing requirement is more then $12,400.

 

Also note that in the future he has a higher income that does require filing then the taxable income from a 4-H or FFA project can be reduced by expenses, cost of animal, feed, shoe]w supplies, etc.

 

See IRS Pub 225

https://www.irs.gov/pub/irs-pdf/p225.pdf

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
macuser_22
Level 15

child income

@0512 above answer edited to add information.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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