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March 29, 2025
Question

I have an easy start savings account and an Education account for my Grandson. I am co-owner of the account. do I have to report the interest on his account. He is 13.

  • March 29, 2025
  • 1 reply
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It was sent in my Grandson's name.

1 reply

March 29, 2025

As a co-owner, either of you could report the income- but depending on the amount, his parents may have to report (see What is the Kiddie Tax? - TurboTax Support - Intuit).  

 

His filing requirement depends on  income and other criteria. Find details on filing requirements for dependents.