Have a Tax Question? Ask a Tax Expert
Q: MY SON RECIEVED A 1099-R CODE 4 AND HE IS ONLY 7YEARS OLD DOES HE HAVE TO FILE
A: Likely not, what is the taxable amount in box 2 of the Form 1099-R?
If $11,232 is the taxable amount, a tax return would have to be filed for your son in his name. You can't report this income on your return. Refer to the following IRS webpage for more detailed information relating to when a dependent has to file a tax return.
Click on the unearned income link.
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