jcagide
New Member

1099-Div UTMA brokerage accts

I am using TurboTax to do my taxes.

I have a UTMA brokerage account for each of our four grandchildren.  I received for each a Form 1099-Div for filing taxes.  Each of my grandchildren are under 11 years of age.  Each received under 1a. Total Ordinary Dividends $85.98 or less.  Do I have to report this income in my taxes on a form 1099-DIV?