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Level 2
Jan 24, 2024 11:17 PM UTC
Solved

Small interest income only

Sorry if this is a repeated topic, but I did not find anything quite like this scenario.

 

My 18yr old has no actual income from a job, but received a 1099-int from his bank for $10.55 in interest income. That is his only income for 2023.

 

Does he need to file a return just for that??

xmasbaby0Answer
Level 15
Jan 24, 2024 11:18 PM UTC

Expert Reviewed

No.  He does not have to file a tax return for that. And it does not go on your return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

1 reply

xmasbaby0Level 15Answer
Level 15
Jan 24, 2024 11:18 PM UTC

Expert Reviewed

No.  He does not have to file a tax return for that. And it does not go on your return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**