Solved: 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?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
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?

 
1 Best answer

Accepted Solutions
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

4 Replies
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?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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
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.
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

Dynamic Ads
v
Privacy Settings