My child had more than $1100 interest income in 2021. How shall I enter this?

You have the choice of filing a return for your child or including the income on your own return if you qualify. You would file Form 8814.

Purpose of Form

Use this form if you elect to report your child’s income on your return. If you do, your child will not have to file a return. You can make this election if your child meets all of the following conditions.

• The child was under age 19 (or under age 24 if a full-time student) at the end of 2021. “Student” is defined below. • The child’s only income was from interest and dividends, including capital gain distributions and Alaska Permanent Fund dividends.

• The child’s gross income for 2021 was less than $11,000. • The child is required to file a 2021 return.

• The child does not file a joint return for 2021.

• There were no estimated tax payments for the child for 2021 (including any overpayment of tax from his or her 2020 return applied to 2021 estimated tax).

• There was no federal income tax withheld from the child’s income. You must also qualify.

Parents who qualify to make the election.

You qualify to make this election if you file Form 1040, 1040-SR, or 1040-NR and any of the following apply.

• You are filing a joint return for 2021 with the child’s other parent.

• You and the child’s other parent were married to each other but filed separate returns for 2021 and you had the higher taxable income.

• You were unmarried, treated as unmarried for federal income tax purposes, or separated from the child’s other parent by a divorce or separate maintenance decree.

The child must have lived with you for most of the year (you were the custodial parent). If you were the custodial parent and you remarried, you can make the election on a joint return with your new spouse. But if you and your new spouse do not file a joint return, you qualify to make the election only if you had higher taxable income than your new spouse.

Note: If you and the child’s other parent were not married but lived together during the year with the child, you qualify to make the election only if you are the parent with the higher taxable income.