We removed your child’s income from page 1 of your tax return and refigured your tax. Your child’s invest-ment income can’t be reported on Form 8814, Parents’ Election to Report Child’s Interest and Dividends, because it was greater than the maximum allowed for the tax year. You don’t need to file an amended tax return, but your child must file his or her own tax return to report the income.
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We removed your child’s income from page 1 of your tax return and refigured your tax. Your child’s invest-ment income can’t be reported on Form 8814, Parents’ Election to Report Child’s Interest and Dividends, because it was greater than the maximum allowed for the tax year. You don’t need to file an amended tax return, but your child must file his or her own tax return to report the income.
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