Do you have to report 1099-div for children

My children have received 1099-div for 2020 from a trust fund. Do they have to be reported individually or under my taxes?

112

Expert Alumni

Feb 14, 2021 7:34:56 AM

Maybe,

If your child's only income is unearned and doesn't exceed $1,100, it doesn't need to be reported.
If their unearned income is between $1,100 and $12,400 in certain situations can be included on your return.
If your child's unearned income is $12,400 or more, he or she will need to file their own return.