Question

I paid my 14 YO $2,744 for the 2022 tax year. I provided the 199-NECI made $2,300 to her Roth IRA. Does my 14 YO have to file her own 2022 tax return as my dependent?

Forum|Forum|3 years ago
March 17, 2023
1 reply
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I claim her as my dependent on my return. Does she have to file as Self Employ in order to use the money I paid her to make contribution to her own ROth IRA?

TurboTax Online

DoninGA

Employee

Since she received over $400 of self-employment income she is required to file a tax return reporting the income and any expenses from self-employment on Schedule C. Make sure that she indicates on her tax return that she can be claimed as a dependent. She can also enter the nondeductible contribution she made to the Roth IRA on her return.