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February 4, 2025
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Filing taxes for minor

  • February 4, 2025
  • 1 reply
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My child has an income of $820 from treasury bond (sold in 2024) and $493 from bank account

Do I need to file taxes for them?  

If I do, can it be done under my account, or do I need to create separate TT account/license?

Best answer by DavidD66

Because your child's unearned income was more than $1,300 they are required to file a return.  You should NOT use your account to file the return.  You must create a new account for your child.  You can only file one tax return per TuboTax Online account.  

1 reply

DavidD66Answer
February 4, 2025

Because your child's unearned income was more than $1,300 they are required to file a return.  You should NOT use your account to file the return.  You must create a new account for your child.  You can only file one tax return per TuboTax Online account.  

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