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1099-MISC unearned income for dependent

Personal Finance & Money Asked on January 19, 2021

Both my children (1 & 4) received a 1099-MISC for unearned income ($922) from our tribe’s gambling profits. Do they need to be report?

One Answer

The form 1040 instructions has a section called Do you have to file?

Chart B will apply to your kids, and you will see that they do not need to file because their unearned income was less than $1100.

Answered by Ben Miller - Remember Monica on January 19, 2021

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