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mtick1
New Member

I filed a 104EX, but my Dad just told me that I have a Fidelity UTMA account with my name and social security number. Do i need to amend my return?

 
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Hal_Al
Level 15

I filed a 104EX, but my Dad just told me that I have a Fidelity UTMA account with my name and social security number. Do i need to amend my return?

Probably, even if there wasn't a withdrawal. A UTMA account usually has income and/or capital gains and the account financial institution issues IRS 1099 forms for that income or gains. You Dad has probably been receiving those forms.

If you had enough income to be REQUIRED to file a 1040EZ, then yes you must amend. If you only filed a 1040EZ to get your withholding back, then it depends on more detail, mainly how much income was on your W-2 and 1099 forms

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4 Replies
Vanessa
Level 3

I filed a 104EX, but my Dad just told me that I have a Fidelity UTMA account with my name and social security number. Do i need to amend my return?

Was there a withdrawal?
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mtick1
New Member

I filed a 104EX, but my Dad just told me that I have a Fidelity UTMA account with my name and social security number. Do i need to amend my return?

I meant filed a 1040EZ and no, there was no withdrawal
mtick1
New Member

I filed a 104EX, but my Dad just told me that I have a Fidelity UTMA account with my name and social security number. Do i need to amend my return?

Thank you.
Hal_Al
Level 15

I filed a 104EX, but my Dad just told me that I have a Fidelity UTMA account with my name and social security number. Do i need to amend my return?

Probably, even if there wasn't a withdrawal. A UTMA account usually has income and/or capital gains and the account financial institution issues IRS 1099 forms for that income or gains. You Dad has probably been receiving those forms.

If you had enough income to be REQUIRED to file a 1040EZ, then yes you must amend. If you only filed a 1040EZ to get your withholding back, then it depends on more detail, mainly how much income was on your W-2 and 1099 forms

View solution in original post

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