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Level 2
posted May 24, 2022 12:04:34 PM

Dependent with unearned income

Did my dependent child (22 years old student) need to file tax returns if he had unearned income of $9,000 (Crypto)?

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1 Best answer
Level 15
May 24, 2022 12:16:30 PM

Yes.  A single dependent with unearned income over $2,800 (2021) must file a tax return.  

Page 11, https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

Be sure your dependent indicates on their return that they can be claimed as a dependent by someone else.

1 Replies
Level 15
May 24, 2022 12:16:30 PM

Yes.  A single dependent with unearned income over $2,800 (2021) must file a tax return.  

Page 11, https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

Be sure your dependent indicates on their return that they can be claimed as a dependent by someone else.