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June 4, 2019
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I have a UGMA acct for my grandchild she is not my dependent and does not live live with me capital gain was 144.00 dollars how do I report it ?

  • June 4, 2019
  • 1 reply
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Best answer by BobinCT

If that is her only income and assuming the tax form has her Social Security number then you do not report it at all.

As long as she only has unearned income, she would not have to report it unless it exceeds $1050.

1 reply

BobinCTAnswer
Employee
June 4, 2019

If that is her only income and assuming the tax form has her Social Security number then you do not report it at all.

As long as she only has unearned income, she would not have to report it unless it exceeds $1050.