Dependent D's taxes

Parent Cafe
1

<p>Oh wise CC community, I seek counsel. D worked last summer (if getting up at noon, sitting on a chair for a few hours in the sun at local pool, and going out with friends all night counts as “work”) and maybe should file tax return? She has other income from custodial accounts from generous grand parents (being used for tuition) and is still a dependent (financially and otherwise). </p>

<p>I could try to figure this out but when I got to the sentence: “But, if no amount is shown in boxes 2c-2d and your only capital gains and losses are capital gains distributions, you may be able to report the amounts shown in box 2a on line 13 of Form 1040 (line 10 of Form 1040A) rather than schedule D” I panicked.</p>

2

<p>Basically: if her earned income (income from wages) is more than $5350 she needs to file. If her unearned income is more then $850 she needs to file. If she has a combination of both: she needs to file if the unearned is over $250. She may also want to file if she had withholding.</p>

<p>If you want to try and do it yourselves, go to [Internal</a> Revenue Service](<a href=“http://www.irs.gov%5DInternal”>http://www.irs.gov) and use the free file program. Turbo tax works great and guides you through it.</p>

3

<p>And even if she is below the earnings limits but had any taxes deducted for her jobs she should file to get her taxes refunded.</p>

<p>edit: Oh - just read the last line of fordi and he/she said that.</p>

4

<p>I agree with above. I helped D. do her taxes a few weeks ago on the IRS website that linked to Turbo Tax. It was very simple and talked you through.</p>

5

<p>Reminds me that I need to load TurboTax and do my taxes. I’ve been looking at that box for weeks now, but just can’t bear to open it up…</p>