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pete251
March 6, 2021
Question

I am the trustee for my parents Fidelity Trust. I received the 1099-DIV. Do I have to file the dividends and gains in my taxes?

  • March 6, 2021
  • 1 reply
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I am the trustee for my parents Fidelity Trust. I received the 1099-DIV. Do I have to file the dividends and gains in my taxes?

1 reply

N
npierson777
March 6, 2021

Yes, dividends and capital gain income are taxable and have to reported on tax return. 

If you're a dependent and have unearned income, such as interest, dividends or capital gains, will generally have to file their own tax return if that income is more than $1,100 for 2020.

 

You can learn more here:

 

Is There a Dividend Tax? Your Guide to Taxes on Dividends

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