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You do not report his/her income on your return.
If it has to be reported at all, it goes on his own return. If your dependent child is under age 19 (or under 24 if a full time student), he or she must file a tax return for 2016 if he had any of the following:
1. Total income (wages, salaries, taxable scholarship etc.) of more than $6,300 (2016).
2. Unearned income (interest, dividends, capital gains) of more than $1050 (2016).
3. Unearned income over $350 and gross income of more than $1050
4. Household employee income (e.g. baby sitting, lawn mowing) over $2000 ($6300 if under age 18)
5. Other self employment income over $400, including box 7 of a 1099-MISC. If the amount as in box 3, reporting rule #3 applies.
4H Club or FFA projects. If an individual participates in a 4-H Club or FFA project, any NET income received from sales or prizes related to the project may be subject to income tax. Report the net income on line 21 of Form 1040. If necessary, attach a statement showing the gross income and expenses. The net income may not be subject to SE tax if the project is primarily for educational purposes and not for profit, and is completed by the individual under the rules and economic restrictions of the sponsoring 4-H or FFA organization. Such a project is generally not considered a trade or business. From IRS PUB 225 Page 73 Ref, http://www.irs.gov/pub/irs-pdf/p225.pdf
He doesn’t get his own $4050 exemption (deduction), when he files. In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.
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