- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You can report the share of the interest income that was attributed to your share of the deposit funds (so if you deposited all of the money into the account, it is your income). You will allocate the deposit to your child as well. If you paid tax to the other jurisdiction, you can once again claim the credit fore the taxes you actually paid.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 4, 2025
12:40 PM