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dlusvardi
New Member

Do I need to add a 1099-INT for a dependant child who earned $145 interest in their savings account?

I have received the 1099-INT from the bank. TurboTax only gives me the option to put the 1099-INT under either my husband, me, or both of us, so I'm wondering what I do?
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2 Replies
DanaB27
Expert Alumni

Do I need to add a 1099-INT for a dependant child who earned $145 interest in their savings account?

No, you do not need to add your dependent child's 1099-INT for $145 interest if that was your dependent's only income.

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Do I need to add a 1099-INT for a dependant child who earned $145 interest in their savings account?

Thanks. Does this apply to the state (California) as well? 

 

 

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