I have 2 children (3 and 4 years of age) and have investment accounts in each of their names. I sold stocks in both of their accounts for gains, approximately $1,200 in each account. Do I have claim this anywhere? My return? File a return for each on their behalf?
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You don't need to file a tax return for your children since their investment income was less than $1,350 for 2025. A dependent child who receives more than $1,350 in investment income in 2025 is required to file a tax return. Investment income includes interest and dividend payments.
Refer to the TurboTax article Tax Filing Requirements for Children for more information.
You don't need to file a tax return for your children since their investment income was less than $1,350 for 2025. A dependent child who receives more than $1,350 in investment income in 2025 is required to file a tax return. Investment income includes interest and dividend payments.
Refer to the TurboTax article Tax Filing Requirements for Children for more information.
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