I am filing tax returns for 2 children under 16 for unearned income (1099-B). My question is do I need to file BOTH federal and state returns for them or just federal?
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I am filing tax returns for 2 children under 16 for unearned income (1099-B). My question is do I need to file BOTH federal and state returns for them or just federal?
I am filing tax returns for 2 children under 16 for unearned income (1099-B). My question is do I need to file BOTH federal and state returns for them or just federal?
Please keep in mind that a child is not required to file a federal return unless his or her total unearned income is more than $850. Please view the Turbo Tax Blog page below for more information.