turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I file a form 1099-R for minor children? One is for $1100 and the other is for $3000. They have no income otherwise.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies
DaveF1006
Expert Alumni

How do I file a form 1099-R for minor children? One is for $1100 and the other is for $3000. They have no income otherwise.

To clarify, what type of income is this?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I file a form 1099-R for minor children? One is for $1100 and the other is for $3000. They have no income otherwise.

This was pulling the RMD from an inheritance (from a retirement IRA, I believe) received for the first time this year. This was the first year out of 10 that we pulled some of the money, before all needed to be pulled. 

How do I file a form 1099-R for minor children? One is for $1100 and the other is for $3000. They have no income otherwise.

The child must  file their own tax return ... this does NOT go on the parent's return. 

 

How do I start another return in TurboTax Online?

Never start another return by going back and overwriting everything in the return you just filed. This will replace your info, which means you won't be able to retrieve your return later.

         

You might want to switch to the TurboTax CD/Download software to save money

 

  • Unless the additional return/s you want to file in TurboTax Online are simple returns and can be filed using the Free Edition, there is a charge for each additional return filed in TurboTax Online.
  • On the other hand, the TurboTax CD/Download software lets you file up to 5 federal returns at no additional cost. More info

 

If you still want to start another return in TurboTax Online, here’s what to do:

 

  1. Sign out of TurboTax Online.
  2. Select the TurboTax Online product you want to use for the second return and proceed.
  3. On the Create your account screen, set up a new login for the second return.
    • You can reuse your email address if you want to receive e-file notifications for the second return.
    • Up to 5 accounts can be tied to the same email address.
  4. After you've created the new account, you can start working on the second return.

 

OR  use the IRS FREE FILE option for the kid's returns ...  https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

 

DianeW777
Expert Alumni

How do I file a form 1099-R for minor children? One is for $1100 and the other is for $3000. They have no income otherwise.

You complete a tax return for your dependent(s) just like you do your own.  They will have only their income to report.  In your case only one child is required to file a federal return because the distribution is over the filing requirement. The other is not required to file a federal return if the exact amount is $1,100.

 

The federal filing requirement for dependents is as follows:

  1. Unearned income over $1,100 (the retirement payment is considered unearned income)

Sometimes you are required to file Form 8615 for children who have certain income. Form 8615 - Who Must File  

 

You will need to review your state requirements and you can use this link to check your state: Do I need to file a state return?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How do I file a form 1099-R for minor children? One is for $1100 and the other is for $3000. They have no income otherwise.

there is one additional tax issue. since one received more than $2300 of distributions that income is unearned income and so the kiddie tax applies. the other isn't subject to the rule.

https://www.kiplinger.com/article/retirement/t032-c032-s014-beware-of-kiddie-taxes-when-leaving-heir... 

 

when the kiddies tax applies the options are for the child to file their own return but must include form 8615 which requires the parent(s) to complete their return first or the parents to include the amount on their return using form 8814. that child does not file a return  

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question