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Level 2
posted Jan 28, 2025 7:35:43 AM

I have out my kids UTMA on previous tax returns. Can I amend my taxes returns and take it out? Considering they didn't make enough for them to be taxed and file separate

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1 Replies
Employee Tax Expert
Jan 28, 2025 8:11:14 AM

Yes, if you included your children's UTMA income on your return, you can amend to remove the income.  

 

Here are the steps if you used TurboTax: How do I amend my federal tax return for a prior year?