bujeeez
Returning Member

When to file a child return

Hi. Please clarify that my info is correct. If a child has a UTMA and makes less than $1,100 per year in stock profit, they dont need to file their own return . If they make between $1,100 and $2,200 in stock profit, they need to file their own return but wont be taxed. Over $2,200, they are taxed. Is that right? Thanks