My daughter is 13 years old and she has interest income of $14 and I am joint on her savings account. Do I report the $14 interest on my tax return?

[NicoleU · Accepted solution]

In most cases, no. If your dependent child made less than $1,050 in interest, dividends, and capital gains distributions combined, and that was their sole source of income, the child's income does not need to be reported on any tax return

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