MaryK4
Expert Alumni

Get your taxes done using TurboTax

Form 8615 will be in your child's return.   You will need to start a new, separate tax file for each child.  You can then find it under Less Common Income -Child's Income (Under Age 24).  You are correct that you should delete the UTMA 1099 from your return because the income in a UTMA account legally belongs to the child and is tied to their Social Security number. If it remains on your return, you will be taxed on it at your higher rate unnecessarily.

 

NOTE:

Form 8814 is used if you elect to report the child's income on your return. This is generally only allowed if their income is solely from interest and dividends and stays below a specific threshold (e.g., $13,500 for 2025).  Form 8615 is required when the child files their own return. It calculates the "Kiddie Tax" by taking information from your parent return (like your taxable income) and applying it to the child's unearned income over $2,700.

 


 

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