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Kid writes and sells books, how to file return?

I have a kid who has some "entrepreneurship" within her. She writes and self publish books, and sells them around our community. With total income about $400 for 2018 (I already helped her remitted the sales tax part back to the state). Besides this, she is a pretty same as a regular teenager in terms of tax status. How should I file tax for her? Does she need to file her own? Thanks a lot!

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2 Replies

Kid writes and sells books, how to file return?

your child doesn't make enough to be required to file as it is less than $1050

 

https://turbotax.intuit.com/tax-tips/irs-tax-return/does-everyone-need-to-file-an-income-tax-return/...

 

Dependent tax filings

All taxpayers who are claimed as a dependent on someone's tax return are subject to different IRS filing requirements, regardless of whether they are children or adults. A tax return is necessary when their earned income is more than their standard deduction. However, the threshold decreases to income greater of $1,050 or the sum of $350 and the person's earned income. A dependent's income is unearned, when it comes form sources such as dividends and interest.

 

 

IsabellaG
Expert Alumni

Kid writes and sells books, how to file return?

If her net income was at least $400, she'll need to file her own return to pay self-employment tax. Less than $400, a return wouldn't be required.

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