Thanks. This is helpful.
So, let me check my understanding. My daughter is only 18 years old. But she had some earned income and so she needs to file her tax return. She also had some unearned income (about $300 dividend) from the UTMA account. The age of majority in my state is 21. So, with all these, The dividend income from her UTMA account would be reported in my tax return as Kiddie Tax, not in her tax return.
Is my understanding correct?
