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I was Venmo'd >$600 for my 15yr old dependent's camp counseling job. Received 1099-NEC with her TIN but my name (account holder). Do I have to claim this as my income?

 
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JamesG1
Expert Alumni

I was Venmo'd >$600 for my 15yr old dependent's camp counseling job. Received 1099-NEC with her TIN but my name (account holder). Do I have to claim this as my income?

No.  An income document that reports the Social Security number of a dependent child, will be reported on an income tax return for the child.

 

For filing requirements for Dependents, see IRS Publication 501, pages 3-4.

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JamesG1
Expert Alumni

I was Venmo'd >$600 for my 15yr old dependent's camp counseling job. Received 1099-NEC with her TIN but my name (account holder). Do I have to claim this as my income?

No.  An income document that reports the Social Security number of a dependent child, will be reported on an income tax return for the child.

 

For filing requirements for Dependents, see IRS Publication 501, pages 3-4.

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

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