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ricardoanddinah
New Member

I am using "self employed" but I do not know where to enter my child's unearned brokerage account income. where do I go?

 
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Accepted Solutions
DoninGA
Level 15

I am using "self employed" but I do not know where to enter my child's unearned brokerage account income. where do I go?

To enter a dependent child's unearned income on your tax return using Form 8814 - 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Less Common Income
  • On Child's Income (Under Age 24), click the start or update button

Or enter child income in the Search box located in the upper right of the program screen.  Click on Jump to child income 

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4 Replies
DoninGA
Level 15

I am using "self employed" but I do not know where to enter my child's unearned brokerage account income. where do I go?

How much was the child's unearned income from the brokerage account in 2016?
ricardoanddinah
New Member

I am using "self employed" but I do not know where to enter my child's unearned brokerage account income. where do I go?

I have two girls...approx $1,800 each for 2016
VolvoGirl
Level 15

I am using "self employed" but I do not know where to enter my child's unearned brokerage account income. where do I go?

Did they have any 1099B sales? Sales have to be entered on the children's separate returns.
DoninGA
Level 15

I am using "self employed" but I do not know where to enter my child's unearned brokerage account income. where do I go?

To enter a dependent child's unearned income on your tax return using Form 8814 - 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Less Common Income
  • On Child's Income (Under Age 24), click the start or update button

Or enter child income in the Search box located in the upper right of the program screen.  Click on Jump to child income 

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