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T
TiffanyHarrison
February 11, 2025
Question

1099 MISC

  • February 11, 2025
  • 2 replies
  • 0 views

My 16 yr old child received a 1099 MISC with amount ($3260) in box 3...what do we do?

    2 replies

    O
    Opus 17
    Employee
    February 11, 2025

    Generally, a child must report their income on a tax return in their own name.  What is this income for?

    B
    Bsch4477
    Employee
    February 11, 2025

    The income is likely unearned income requiring that it be reported on the child’s return and subject to Kiddie Tax. TurboTax will handle that for you. Be sure to check the box on the child’s return saying that someone can claim them. 

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