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posted Apr 13, 2024 12:48:04 PM

dependent W2 form and earnings reporting

Hello,

 

I have encountered a situtaiton of having two under 18 dependents with W2 forms.

 

While using TurboTax desktop version to enter each of my depedents' W2 forms, a message appeared stating that "...since you're under 18, your parents may need to report some or all of your income on their tax return..."

 

When I checked online within the Turbox Tax community, I found another answer regarding how to deal with my depdendents' W2 forms and earnings.  The message answered the following question "How do I add a dependent's w@ to my own?"

 

The answer to the questions is "...You don't - your dependent's w@ isn't reported on your return."

 

So, I am at an impasse on how to proceed.

 

Any help you can provide will be greatly appreciated.

 

RC

0 2 5472
2 Replies
Level 15
Apr 13, 2024 12:49:00 PM

MY DEPENDENT HAD A JOB

If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return.  He/she can file his own return for a refund of some of his withheld wages (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return.  (Supervise this closely or prepare it for him!)

If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare.

 

 

You might also want to use free software from the IRS Free File versions:

https://apps.irs.gov/app/freeFile/

 

Level 15
Apr 13, 2024 12:50:31 PM

The message you saw had to have been referring to investment or "unearned" income subject to the kiddie tax.   You do not put your dependent child's W-2 income on your own tax return.