NY Child Investment Income
NY Child Investment Income
Does your child have investment income over $2,200? It would be to your advantage to file a New York return for your child to report your child’s investment income, since there will be no New York tax on the first $3,100 of that income. When you file your federal return, report your child’s investment income on federal Form 8615 (instead of federal Form 8814). If you file Form 8814, the amount of your child’s investment income over $2,200 that was included in your federal gross income will be reported on your New York return and taxed at your rate.
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