I received 1099-DIV on my grand kids Cust UTMA-LA accounts. The amount of dividends and Capital Gains is just a little over $100. Do they have to file taxes?

hintze017 · ‎June 1, 2019

PaulaM · ‎June 1, 2019

If the 1099-DIV is listed with your SSN, then you would report this income on your return.

If the 1099-DIV is listed with the SSN(s) of your grandchildren, then they would need to file taxes if the total of their investment income is more than $1050. See link below for when a child may have to file their own taxes.

https://www.irs.gov/pub/irs-pdf/p929.pdf

**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

PaulaM · ‎June 1, 2019

If the 1099-DIV is listed with your SSN, then you would report this income on your return.

If the 1099-DIV is listed with the SSN(s) of your grandchildren, then they would need to file taxes if the total of their investment income is more than $1050. See link below for when a child may have to file their own taxes.

https://www.irs.gov/pub/irs-pdf/p929.pdf

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

Expert does your taxes

Do it yourself

Resources

Support

I received 1099-DIV on my grand kids Cust UTMA-LA accounts. The amount of dividends and Capital Gains is just a little over $100. Do they have to file taxes?