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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 Reply
MayaD
Expert Alumni

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

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

Tax Filing Requirements for Children

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