- Asked by sunilrai
- TurboTax Premier
You do not report his/her income on your return. If it has to be reported at all, it goes on his own return. If your dependent child is under age 19 (or under 24 if a full time student), he or she must file a tax return for 2012 if he had any of the following:
- Total income (wages, salaries, taxable scholarship etc.) of more than $5,950.
- Unearned income (interest, dividends, capital gains) of more than $950.
- Unearned income over $300 and gross income of more than $950
- Household employee income (e.g. baby sitting, lawn mowing) over $1800 ($5950 if under age 18)
- Other self employment income over $400
Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding.
If his only income is from interest and dividends, there is a provision
for entering it on your return, using form 8814. Enter at
Less common income / Child's income. But, once he was W-2 income, you can no longer put any of his income on your return.
Furthermore, there is a rule that says IF somebody else CAN claim him as a dependent, he is not allowed to claim his own exemption. If he has sufficient income (usually more than $5950), he can & should still file taxes; he just doesn’t get his own $3800 exemption (deduction). In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.
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