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Interest income for dependent
Do I need to add children's interest income from back accounts we set up for them?
In most cases, you don't have to report the interest on your child's bank account. If your dependent child made less than $1,050 in unearned income and that was his or her only source of income, it doesn't have to be reported on any tax return.
Please see the FAQs below for more information.
Do I need to report my child's 1099-INT on my return? https://ttlc.intuit.com/replies/4774385
How do I report my child's investment income? https://ttlc.intuit.com/replies/4790655
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