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I’m the custodian for my child’s account, but both 1099s show their name and it lists their SSN as the recipient. Child is preteen with no other form of income and is my dependent.
No. It doesn't need to be reported. If your dependent child made less than $1,300 in interest, dividends, and capital gains distributions combined, and that was their sole source of income, the child's income doesn't need to be reported on any tax return.
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