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May 18, 2021
Question

Child's 1099 Misc

  • May 18, 2021
  • 1 reply
  • 0 views

My child 15years old received a 1099 misc form in the amount of $645, do i need to file a return for her?

    1 reply

    macuser_22
    Employee
    May 18, 2021

    What box is it in on the 1099-MISC?

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    pinw288Author
    May 18, 2021

    Box3

    macuser_22
    Employee
    May 18, 2021

    That is under the filing requirements for a dependent - so no tax return is required. 

     

    2020 Filing requirements for dependents.

    Single dependents— (Not age 65 or older or blind)

    You must file a return if any of the following apply.
    1. Your unearned income was more than $1,100.
    2. Your earned income was more than $12,400.
    3. Your gross income was more than the larger of—
    a. $1,100, or
    b. Your earned income (up to $12,050) plus $350.

    Or Dependent had net earnings from self-employment of at least $400. 

    However, if any tax was withheld, then Dependent might want to file anyway to get a refund of the tax withheld.

    Also, a person that CAN be a dependent cannot claim him/her self and must check the box that says that another taxpayer can claim them (whether or not that taxpayer actually claims him/her).

    Note: your state filing requirements might be different than the federal.




    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**