I have a custodian account for my grandson. I received a 1099-b and 1099-div. I'm trying to understand the figures to know if I am over the limit of $1100.

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Expert Alumni

Feb 10, 2022 7:18:08 PM

The total taxable income is used. The first $1,100 is not taxed. This article, What is the Kiddie Tax?, is full of information and links.