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Asked 6/13/2008
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Does my minor child have to file a tax return for a beneficiary payout? My son is the beneficiary for his father's 401k valued around $5000. Since his father passed in February, my son has been receiving Social Security survivor benefits. He may also get a summer job. I do not think his benefits and job money would exceed the maximum he can earn without having to file. But, since he will also receive a 401k payout, we are unsure how to handle the 1099 information.
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