lustig5
New Member

Do I enter 1099-DIV and 1099-B from Custodial Account on my return or my child's who it is for?

 
AmyW
New Member

Get your taxes done using TurboTax

If that is the only income your child had in 2016 and it less than $1050, it doesn't need to be reported anywhere.

However, if your child had more unearned income than $1050, but less than $10,500, then you have a choice to either report it on your child's tax return or your own tax return. To report it on your own tax return do a Search (top right corner) for "8814". Then click on "Jump to 8814" and enter the information from Form 1099-DIV and then repeat the search for "1099-B"

Read more about it here: https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Tax-Filing-Requirements-for-Children/I...