I have a consolidated 1099 for a custodial account. How do I show in Turbo Tax that it is for my dependent? It only allows me and my wife as an option.

Or do I not report it at all since it is under $1100?

posted

You do not need to file anything for the consolidated 1099 for a custodial account for your dependent. You are correct that a dependent whose gross income is only unearned income does not need to file a return if their income is less than $1,100.

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I have a consolidated 1099 for a custodial account. How do I show in Turbo Tax that it is for my dependent? It only allows me and my wife as an option.

I have a consolidated 1099 for a custodial account. How do I show in Turbo Tax that it is for my dependent? It only allows me and my wife as an option.

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I have a consolidated 1099 for a custodial account. How do I show in Turbo Tax that it is for my dependent? It only allows me and my wife as an option.

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I have a consolidated 1099 for a custodial account. How do I show in Turbo Tax that it is for my dependent? It only allows me and my wife as an option.

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