Beth423
New Member

My kids (14 &18 yrs old) received 1099DIV from their UGMA/UTMA acct. I filled out Form 8814 for their capital gains. Do I include their capital gains with my income?

 
IsabellaG
Expert Alumni

Investors & landlords

If you are reporting your children's unearned income on your return because of the Kiddie Tax, you can report their interest, dividends and capital gains distributions if you qualify. If the capital gains income is not from capital gains distributions, you would not be eligible to report their income on your return. See the FAQ below, and this link: If the child's only income is interest and dividend income (including capital gain distributions) an...

https://ttlc.intuit.com/replies/3302004

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post