No, you don't need the 1099-INT. If the UTMA is s...
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No, you don't need the 1099-INT.

If the UTMA is set up with your son's SSN, then any income would be reported on his tax return, if he's required to file one.  And, if this $345 was his only income, he wouldn't need to file a return.

Please see the TurboTax FAQ "Do I need to file my own taxes if I'm a dependent?" for information on what your son's filing requirements would be.

https://ttlc.intuit.com/replies/3302185


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