minimum income for dependent to file

Forum|Forum|4 years ago
April 4, 2022
6 replies
49 views

Hi, I have a question regarding my daughter, who is a full time college student, age 19 and claimed as a dependent on our taxes. She had income this year from one job for which she received a W2, and 2 internships, for which she received 1099 MISC forms. Her adjusted gross income is $9584, well below what I think is the minimum income to require submitting taxes. ($12000 or so). But, when doing all the forms through Turbotax, it shows that she owes $651 in federal taxes !?!

Is this because for any 1099 MISC, they assume you are your own business? Which clearly she is not.

Or possibly because she had capital gain of $1149 from an investment account in her name?

We are still hoping she can get back some of the federal income tax withheld from her job. Is it required to submit taxes?

Bsch4477

Level 15

1. It’s her earnings, not her AGI which determines her file requirement. All dependent children who earn more than $12,550 of income in 2021 must file a personal income tax return and might owe tax to the IRS.

2. Yes, to get back tax withheld she has to file a return.
3. What was the 1099-misc for?

clarebAuthor

Level 2

So, her total income was $9953: $3500 for the job with the W2. Cap gains $1150. The 1099-MISC were for paid internships --I am not sure why they gave her the 1099 MISC and not a W2 for those.. total, those were $5200.

Her total is still less than the $12000.

Bsch4477

Level 15

I suspect she owes tax because her 1099-misc income is considered self employment income and while she has no income tax liability she has self employment tax which is greater than the tax that has been withheld. At her income level the capital gains would not be taxed at all. In what box is her 1099-misc income and what did she do to earn it?