Is it possible to claim dividend interest and capital gains from a Uniform Gifts to Minors account for a grandkid on the grandparent's income tax return using TurboTax? If so, how?? The grandparent is listed as the custodian of the account, with the child's SSI number listed as the recipient. The taxable interest and gains are in excess of $1300, so the income will need to be reported. The child is claimed as a dependent on the parent's tax return, not the grandparents.
