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New Member
posted Mar 1, 2025 11:16:06 AM

how do I add my dependent income and bank interest in joint tax filing

0 5 957
5 Replies
Level 15
Mar 1, 2025 11:22:04 AM

What income did your dependent have?    

Level 15
Mar 1, 2025 11:24:43 AM

You don’t have a joint filing with a dependent. If the dependent has a filing requirement that income goes on their return. 

New Member
Mar 1, 2025 11:24:56 AM

Independent contractor- received 1099-NEC  and some bank interest 

where do I add into turbo tax filing tool?

Level 15
Mar 1, 2025 11:31:42 AM

Your dependent needs to file his own tax return.  His income does not go on your return.

 

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 from boxes 2 or 17 (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
Mar 1, 2025 11:52:36 AM

Ahh, now we understand. Your self employment income is reported on Sch C and your bank interest on 1099-INT under the income tab.