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bassmanii
New Member

Tax Year Prior to 2020: Can I file my kids schedule k-1 form 1041 in my federal return or do I need to file them separately?

 
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3 Replies

Tax Year Prior to 2020: Can I file my kids schedule k-1 form 1041 in my federal return or do I need to file them separately?

if your kid is your dependent then yes
toojay18
Returning Member

Tax Year Prior to 2020: Can I file my kids schedule k-1 form 1041 in my federal return or do I need to file them separately?

yes you file on your taxes?  Do you file the dependent child's k1 on your taxes as though it is your k1?

JulieC14
Expert Alumni

Tax Year Prior to 2020: Can I file my kids schedule k-1 form 1041 in my federal return or do I need to file them separately?

It depends on a few different factors as to how your child's investment income will be reported. 

 

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

  1. Open or continue your return if you don't already have it open.
  2. Search for child income and select the Jump to link in the search results.
  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. TurboTax will 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.

For more information, see this Help Article:  How do I report my child's investment income in 2020?

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