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Teen 1099-INT under $1000 reported on parents Federal Return vs State Return Teen Income

If I reported my dependent teen's 1099-INT (under $1000) in my Federal Return, do I need to report it as her income in the State Return where it asks if my dependent teen made income?

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3 Replies
LindaS5247
Expert Alumni

Teen 1099-INT under $1000 reported on parents Federal Return vs State Return Teen Income

States have different rules. What state are you in?

 

You can contact your state's Department of Revenue using this link: Department of Revenue website for more details.

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Teen 1099-INT under $1000 reported on parents Federal Return vs State Return Teen Income

California 

KeshaH
Expert Alumni

Teen 1099-INT under $1000 reported on parents Federal Return vs State Return Teen Income

If that was the only income she had, you wouldn't need to include your daughter's interest on your return because it's under $1,300 and therefore not taxed. If you do decide to enter it into TurboTax, make sure you enter it on Form 8814, Parent's Election to Report Child's Interest and Dividends and not in the same place that you would report your own interest. You'll find this in the Less Common Income section under Wages and Income.

 

California has the same treatment, but their form number is Form 3803

 

For more information, review this IRS article on Kiddie Tax.

 

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