larryzfp
Level 3
‎03-31-2020 07:55 AM

Parents received a 1099-Q for 23 year old daughter ,full time student who earned $15K.  If they don't claim her as a dependant the earning's become taxable to them. How should this be handled? 

0 Cheers
Just-Lisa-Now-
Level 15
Level 15
‎03-31-2020 08:00 AM

Does she qualify as a dependent?   If not, and the daughter claims herself, then on the 1099Q worksheet for the parents you can show who is claiming the expenses associated with the 1099Q so they arent taxed on it.

1099qother.png

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

larryzfp
Level 3
‎03-31-2020 08:05 AM

Perfect. Thank you. I had it all except the bottom line.