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jbmj
New Member

How do I file my daughter's 1099-Int in TT? She is 18 and a college student with no other income. 1099-Int Box 1 is $11.22. My wife and I file a joint return.

All of our 1099-Int's are from USAA. I was able to  import all others except hers and when I tried to manually import into TT, it only allows inputs for me, my wife or both of us. Does my daughter need to report this and,  if so, is it a separate return.  She has no other income except the 1099.
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RBBrittain
Level 8

How do I file my daughter's 1099-Int in TT? She is 18 and a college student with no other income. 1099-Int Box 1 is $11.22. My wife and I file a joint return.

If that 1099-INT is her only income, it should NOT be filed at all as she is below her filing threshold as a dependent. Interest is one of the few kinds of children's income that *may* be reported on a parent's return, but I suspect you're being blocked because she's over 14 (and even if she was under 14 it's not advisable as she made too little to be subject to "kiddie tax" rates).

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RBBrittain
Level 8

How do I file my daughter's 1099-Int in TT? She is 18 and a college student with no other income. 1099-Int Box 1 is $11.22. My wife and I file a joint return.

If that 1099-INT is her only income, it should NOT be filed at all as she is below her filing threshold as a dependent. Interest is one of the few kinds of children's income that *may* be reported on a parent's return, but I suspect you're being blocked because she's over 14 (and even if she was under 14 it's not advisable as she made too little to be subject to "kiddie tax" rates).
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