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Blake, age 1 5 , 1 5 , is a dependent of his parents. During the year, he earned $ 2 , 1 5 0
Blake, age 15, is a dependent of his parents. During the year, he earned $2,150 in interest from a savings account. He had no other income. Choose the response that correctly describes how this income should be reported if Blake does not file his own tax return.
a.)The income is not taxable or reportable.
b.)Blake should file Form 8615, Tax for Certain Children Who Have Unearned Income.
c.)Blake' " id="MathJax-Element-7-Frame" role="presentation" style="font-size: 121%; position: relative;" tabindex="0">'s parents should report the income on Form 8814, Parents' Election to Report Child's Interest and Dividends.
d.)Blake' " id="MathJax-Element-10-Frame" role="presentation" style="font-size: 121%; position: relative;" tabindex="0">'s parents should report the income as taxable interest directly on line 2b of their Form 1040.
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