Does anyone know if i need to claim my childrens 1099-int forms? both accounts are under their names and not ours

It depends. In most cases, no. If your dependent child made less than $1,100 in interest, dividends, and capital gains distributions combined, and that was their sole source of income, the child's income doesn't need to be reported on any tax return.

Otherwise, here's how to enter your child's 1099-INT:

1. Sign in to TurboTax and open or continue your return
2. Search for child income and select the Jump to link
3. We'll ask a series of questions to determine if their income needs to be reported on a tax return. You can report it on your return or their return

Note: If the child's income is $12,550 or more, it must be on the child's tax return. It can't be included on the parents' tax return.

Who must file Form 8615?

For 2021, a child must file Form 8615 if all of the following conditions apply:

• The child has more than $2,200 in unearned income
• The child is required to file a tax return
• The child does not file a joint tax return with a spouse
• At least one of the child's parents is alive
• The child is within certain age limits
  • What is IRS Form 8615?