TurboTax HelpTurboTax HelpIntuit

How do I report my child's investment income?

SOLVEDby TurboTax371Updated December 21, 2021

How you report your child's investment income depends on how much they've made. A person is considered your child if they are a dependent under the age of 19 (24 if a full-time student) as of December 31, 2021.

  • If your child's only income is unearned and doesn't exceed $1,100, it doesn't need to be reported
  • If your child's unearned income is between $1,100 and $12,550, they may need to file their own return, but in certain situations, this income can be included on your return
  • If your child's unearned income is $12,550 or more, they need to file their own return

Use TurboTax to help you figure out how to best report this income:

  1. Open or continue your return
  2. Search for child income and select the Jump to link
  3. Answer Yes to both Any Child's Income? and Child Required to File?
  4. Select Continue on the Reporting Your Child's Income screen
  5. We'll ask you a series of questions to determine if the income can be included on your return or if your child needs to file their own return

Was this helpful?

You must sign in to vote, reply, or post
TurboTax Desktop BasicTurboTax Desktop BusinessTurboTax Desktop DeluxeTurboTax Desktop Home and BusinessTurboTax Desktop PremierTurboTax Live BasicTurboTax Live DeluxeTurboTax Live Full Service BasicTurboTax Live Full Service Complex IncomeTurboTax Live Full Service Complex Self-EmployedTurboTax Live Full Service DeluxeTurboTax Live Full Service PremierTurboTax Live Full Service Self-employedTurboTax Live PremierTurboTax Live Self-employedTurboTax Mobile Apps DeluxeTurboTax Mobile Apps FreeTurboTax Mobile Apps PremierTurboTax Mobile Apps Self-employedTurboTax Online DeluxeTurboTax Online FreeTurboTax Online PremierTurboTax Online Self-employed
Dynamic AdsDynamic Ads