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DD_P
Returning Member

How can I report Child (Minor) U.S. Treasury bills interest of $5000

I have Desktop Premier (2023) and does not have option to report Child (Minor) Interest earned from U.S. Treasury bills (1099 INT).  I can only enter mine & my spouse interest earned.
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1 Reply
rjs
Level 15
Level 15

How can I report Child (Minor) U.S. Treasury bills interest of $5000

If you want to report the child's Treasury bill interest income on your tax return, in the Search box type "child's income" (without the quotes), then click the link that says "Jump to child's income."


You might find that you pay less tax overall by filing a separate tax return for the child instead of reporting the child's income on your tax return. Usually the only advantage of reporting the child's income on your return is that it's less paperwork.

 

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