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How do I report my child's investment income?

by TurboTax•344• Updated 4 weeks ago

How you report your child's investment income depends on how much they've made. A person is considered your child if they're a dependent under the age of 19 (24 if a full-time student) as of December 31, 2024.

  • If your child's only income is unearned and doesn't exceed $1,300, it doesn't need to be reported.
  • If your child's unearned income is between $1,300 and $14,600, 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 $14,600 or more, they need to file their own return.

Choose your product and follow the steps to figure out how to best report this income.

  1. Open or continue your return.
  2. Go to child income.
  3. Follow the onscreen instructions to determine if the income can be included on your return or if your child needs to file their own return.
  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. Follow the onscreen instructions to determine if the income can be included on your return or if your child needs to file their own return.