Originally Posted by mmmonforte
My 6 years old Child got unearned income of 1340 dollars, in 2013
what do I need to report it
Or you can elect to claim the child's interest, ordinary dividends, and capital gain distributions on your tax return. you can elect to claim the child's interest if the childHas unearned income of at least $1k but not more than $10k; also, You are filing a joint return with the child's other parent or You and the child's other parent are married but filing separately and you have the higher taxable income.
If You were unmarried and treated as unmarried and the child lived with you most of the year.if You were remarried and you and your new spouse are filing a joint return.also if You were remarried and you and your new spouse are filing separate returns and you have the higher taxable income.To claim the child's income on your tax return, you must file Form 8814 with your tax return