My 13 year old child received a 1099-B, $1996 gain (proceeds $4045 less cost basis $2049) in addition to a 1099-DIV of $285 and 1099-INT of $.64. No other income, never filed a tax return. Do I need ...

My 13 year old child received a 1099-B, $1996 gain (proceeds $4045 less cost basis $2049) in addition to a 1099-DIV of $285 and 1099-INT of $.64. No other income, never filed a tax return. Do I need to file a return?

posted

Yes, your child will need to file a return since they had unearned income of more than $1,250.

At What Income Does a Minor Have to File an Income Tax Return?

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My 13 year old child received a 1099-B, $1996 gain (proceeds $4045 less cost basis $2049) in addition to a 1099-DIV of $285 and 1099-INT of $.64. No other income, never filed a tax return. Do I need to file a return?

My 13 year old child received a 1099-B, $1996 gain (proceeds $4045 less cost basis $2049) in addition to a 1099-DIV of $285 and 1099-INT of $.64. No other income, never filed a tax return. Do I need to file a return?

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My 13 year old child received a 1099-B, $1996 gain (proceeds $4045 less cost basis $2049) in addition to a 1099-DIV of $285 and 1099-INT of $.64. No other income, never filed a tax return. Do I need to file a return?

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My 13 year old child received a 1099-B, $1996 gain (proceeds $4045 less cost basis $2049) in addition to a 1099-DIV of $285 and 1099-INT of $.64. No other income, never filed a tax return. Do I need to file a return?

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