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Level 1
posted Feb 13, 2022 9:01:27 AM

When do you have to file a tax return?

My son doesn't have any income from a W-2 he is a student but a small amount of investment income from a brokerage account does he have to file?  Thanks

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2 Replies
Level 15
Feb 13, 2022 9:05:22 AM

If his unearned income was $1,100 or less and it is his only income, he does not have to file a federal tax return.

Level 1
Feb 13, 2022 9:47:20 AM

I don't have to file that income on my tax return? He is old enough now and the brokerage account is in his name only still a student.  I claim him as dependent.  Thanks for the help!