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Level 2
June 6, 2019
Question

I'm the conservator for my children's Inherited IRAs. Their RMDs were less than $1,050. Do I have to report their RMDs when filing? (I can't change to their names in TT?)

  • June 6, 2019
  • 3 replies
  • 21 views
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3 replies

Level 15
June 6, 2019

If that is their only income, then no, you don't have to report their RMDs, nor are they required to file returns.

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TerikoAuthor
Level 2
June 6, 2019
Thank you.  Their distributions were distributed to their taxable UTMA brokerage accounts, so it's definitely not my income!  Appreciate it.