I'm custodian on my minor son's stock holdings w/ComputerShare. Do I put 1099-B and 1099-DIV forms on my joint return? Son's income is too low to require a return.

Forum|Forum|3 years ago
April 7, 2023
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The account is a UTMA custodial account. I have put the 1099-DIVs on my return in the past, but this year have a 1099-B (sold one stock) and am now not sure if I was doing the right thing putting it on my joint return with my husband.

TurboTax Premier Online

DaveF1006

Please view this IRS document as this explains how this income should be reported. In the document, it explains the reporting requirements if the child's investment income is over $2300. in this case, a 8615 would need to be filed. Turbo Tax can handle this if needed

If your child's investment income is less than $11,500 you may include this income on your own return by filing a 8814. Trubo Tax can handle this filing also. Certain other conditions must apply for the income to be included in your. Please read the additional requirements in the link provided above.

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