Hi,
My son had an internship last summer and he got paid. He is still our dependent but I assume we still need to report that income he got from the internship, am I correct? also, what forms should I expect from the company he did the internship for?
Your son will probably receive a W-2 or a 1099-MISC for his internship work.
You should not include your son's wages on your return. He should file his own return if necessary.
If children are still considered your dependents they must file if:
If you are unsure of whether you need to file, try this IRS tool: Do I Need to File a Tax Return?
If your son files his own return, be
sure that he checks the box that says he can be claimed on someone else's
return. That is very important.
Your TurboTax online login is only good for 1 return. But you can
use the same email address for 5 accounts. For more information see: How
do I start another return in TurboTax Online?