2417929
You'll need to sign in or create an account to connect with an expert.
In most cases, there is no need to report interest income that is reported in a child's SSN on 1099-INT. If the amount is under $1,100 for unearned income and that was their only source of income, it doesn't need to be reported on any tax return.
Here is a TurboTax help article with more information on Reporting Interest for a Child if the unearned income from interest, dividends and capital gains is over $1,100.
In most cases, there is no need to report interest income that is reported in a child's SSN on 1099-INT. If the amount is under $1,100 for unearned income and that was their only source of income, it doesn't need to be reported on any tax return.
Here is a TurboTax help article with more information on Reporting Interest for a Child if the unearned income from interest, dividends and capital gains is over $1,100.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
fiskdonna
New Member
engintech
Level 2
Evejeanet0413
New Member
eobryan0608
Level 1
cainmann
New Member