Re: For UTMA accounts (Uniform Transfer to Minors), do I have to report my 1099-B?

For UTMA accounts (Uniform Transfer to Minors), do I have to report my 1099-B?

posted

Yes. If your minor child's UTMA account has transactions reported on Form 1099-B, they do need to be reported to the IRS.

However, it will need to be done on your child's own tax return. You cannot report it on your own return. Only interest and dividends may be reported on your return for your minor child.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

My account was compromised last year, someone used my money account to charge over 4000.00 in charges to Pulse . So I filed a report with credit karma and they contacted?

in Get your taxes done using TurboTax

Expert does your taxes

Do it yourself

Resources

Support

For UTMA accounts (Uniform Transfer to Minors), do I have to report my 1099-B?

For UTMA accounts (Uniform Transfer to Minors), do I have to report my 1099-B?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

For UTMA accounts (Uniform Transfer to Minors), do I have to report my 1099-B?

Do you have an Intuit account?

For UTMA accounts (Uniform Transfer to Minors), do I have to report my 1099-B?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert