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Level 1
posted Feb 1, 2024 7:18:25 AM

My son has a 1099 from his UTMA account. Is this something I report on my taxes as the parent? Thank you

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1 Replies
Expert Alumni
Feb 1, 2024 7:27:48 AM

No. Transactions reported on Form 1099-B should be reported on your son’s tax return.

Tax Filing Requirements for Children