2643476
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Child age 8 with unearned income

Our Grandchildren receive Retirement and Social Security benefits from their deceased Mother.  Teachers Retirement  of $2040 per year and Social Security of $3060 per year.  Do I have to file individual taxes for the children?  If so how do I determine the MAGI so I can add it to their fathers return as he gets insurance from the marketplace.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

7 Replies

Child age 8 with unearned income

If the amounts you entered are all that the child received, they do not file a tax return.

You do not enter the child's Social Security benefits or the income from the retirement fund on your tax return.

Child age 8 with unearned income

Thank you.  Each child receives that amount per year.     Would I do that form 8615 for them?

Child age 8 with unearned income


@needaanswer wrote:

Thank you do I do that form 8615 for them?


No.  That form is not required based on the child's type of income.

Child age 8 with unearned income

Where do I add their income on their Dad's form?

Child age 8 with unearned income


@needaanswer wrote:

Where do I add their income on their Dad's form?


You do not enter any of the child's income on his tax return.

Child age 8 with unearned income

None of the unearned income of $5,100 yearly that each child receives  needs to be reported?  Just want to make sure I understand correctly.

Child age 8 with unearned income


@needaanswer wrote:

None of the unearned income of $5,100 yearly that each child receives  needs to be reported?  Just want to make sure I understand correctly.


Since the child is not required to file a tax return, the unearned income does not need to be reported on a Form 8615.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question