One Tax Question - can anyone help ?

Grumpy's Gal

DIS Veteran
Joined
Oct 5, 2004
Messages
6,193
My minor aged DS made $250 last year and contributed it all to a ROTH IRA.

Do I have to do anything on my tax return with that? If so, what and where?

Thank you in advance for any direction you can provide. :confused3
 
No need to file. If you are a single dependent you only have to file if:

1. Your unearned income was over $800
2. Your earned income was over $5,000
3. Your gross income was more than the larger of:
- $800 or
- Your earned income + $250
 


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