Question

I'm the conservator for my children's Inherited IRAs. Their RMDs were less than $1,050. Do I have to report their RMDs when filing? (I can't change to their names in TT?)

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If that is their only income, then no, you don't have to report their RMDs, nor are they required to file returns.

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Thank you. Their distributions were distributed to their taxable UTMA brokerage accounts, so it's definitely not my income! Appreciate it.

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