How do we count a 1099-nec and 1099-k for a college age child?

If the IRS form reports income in the Social Security number of the child, the IRS is looking to see the income reported in the Social Security number of the child.

An individual who  is Single and under the age of 65 is required to file a 2023 Federal income tax return if their gross income is at least $13,850.

A dependent of another taxpayer is required to file his or her own tax return if:

• Your earned income (money you made by working) exceeds $13,850,
• Your unearned income (interest, dividends, capital gains, etc.) exceeds $1,250,
• Your business or self-employment net income (gross minus expenses) is at least $400,
• Your gross income (earned plus unearned) exceeds the larger of $1,250 or your earned income (up to $13,450) plus $400.

But even if your income falls below these filing requirements, you will want to file your own tax return to get a refund of any federal or state taxes withheld from your paychecks.

The IRS defines earned income as:

• Taxable income you earned as an employee, such as wages, salaries, commissions, and tips,
• Profits from operating your business or farm,
• Long-term disability pay if received before the minimum retirement age,
• Union strike benefits.

The IRS defines unearned income as:

• Interest, dividend, or investment income,
• Retirement or Social Security income,
• Alimony or child support,
• Unemployment or worker's compensation,
• Gifts, prizes, awards, or winnings,
• Inheritances,
• Income received while incarcerated, even if it involves active work.