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TAX YEAR 2015: 1099-DIV for custodial account for child

Forum|Forum|7 years ago
June 4, 2019
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How do I enter a Form 1099-DIV issued for UTMA account for my minor child

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Best answer by KristinaK

If that is the only income your child had in 2015 and it less than $1050, it doesn't need to be reported anywhere.

However, if your child had more unearned income than $1050, but less than $10,500, then you have a choice to either report it on your child's tax return or your own tax return. To report it on your own tax return do a Search (top right corner) for "8814". Then click on "Jump to 8814" and enter the information from Form 1099-DIV.

K

KristinaKAnswer

Employee

If that is the only income your child had in 2015 and it less than $1050, it doesn't need to be reported anywhere.

However, if your child had more unearned income than $1050, but less than $10,500, then you have a choice to either report it on your child's tax return or your own tax return. To report it on your own tax return do a Search (top right corner) for "8814". Then click on "Jump to 8814" and enter the information from Form 1099-DIV.

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