Question

Angie, age 20, is a full-time student. She received interest and dividends totaling $9,700. She had no other income. Angie's parents provide all of her support. Her parents do not make the election to include her investment income on their California return. Which California form must Angie file?

Answer 1

She must file a California Resident Income Tax Return — Form 540.

Because her unearned income exceeds the filing threshold and her parents didn’t elect to include it on their return, Angie must file her own Form 540.