I opened an Uniform Transfers to Minors Act (UTMA) account for my kid in 2023 through Fidelity. I was under the assumption that my kid would be responsible for all taxes incurred on the account. When I imported my Fidelity info into TurboTax, it also included ~$20 of dividend from the UTMA account. That is the only income my child has earned. Am I ok to remove that UTMA dividend from my taxes?
Thanks.
