TurboTax imported from Fidelity my kid's UTMA info (1099Div and 1099B). Should I delete these from my return? They each made less than $5000
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Your minor children need to file tax returns if their UTMA income is greater than $1250. Either way delete them from your return.
I meant to say the gains were under $500 for each kid.
Here's detailed info on Should I Include a Dependent's Income on My Tax Return?
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