my 14 year old son has a utma ACCOUNT. It has dividend income(1099-DIV)= 3598.00
and has made stock sales (1099-B)=141.00
Both parents are alive and filling join return but do not want to elect to report on our return.
form 8615 Turbo tax is insisting I check one of these two boxes.
- Check this box if parent elects to report income on their return
- Check this box if neither parent was alive on December 31, 2019
Since there was a 1099-B issued to him I understand he has to file his own return and thus don't want to include him on my return
