topic We have a trust for our daughter, do we have to pay tax when no mney has been withdrawn? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/we-have-a-trust-for-our-daughter-do-we-have-to-pay-tax-when-no-mney-has-been-withdrawn/01/249726#M104926 <P>Received 1099 on an account set up for daughter that cannot be withdrawn from until 18. &nbsp;Do I include that in our tax return? &nbsp;Why do I have to pay tax on that now?</P> Sat, 01 Jun 2019 20:22:51 GMT bajabrown 2019-06-01T20:22:51Z We have a trust for our daughter, do we have to pay tax when no mney has been withdrawn? https://ttlc.intuit.com/community/taxes/discussion/we-have-a-trust-for-our-daughter-do-we-have-to-pay-tax-when-no-mney-has-been-withdrawn/01/249726#M104926 <P>Received 1099 on an account set up for daughter that cannot be withdrawn from until 18. &nbsp;Do I include that in our tax return? &nbsp;Why do I have to pay tax on that now?</P> Sat, 01 Jun 2019 20:22:51 GMT https://ttlc.intuit.com/community/taxes/discussion/we-have-a-trust-for-our-daughter-do-we-have-to-pay-tax-when-no-mney-has-been-withdrawn/01/249726#M104926 bajabrown 2019-06-01T20:22:51Z You will have to include any 1099's that you've received... https://ttlc.intuit.com/community/taxes/discussion/you-will-have-to-include-any-1099-s-that-you-ve-received/01/249736#M104930 <P>You will have to include any 1099's that you've received in your filing.&nbsp; Is the 1099 for accrued interest on the account?&nbsp; If so, that's a form of income.</P> Sat, 01 Jun 2019 20:23:07 GMT https://ttlc.intuit.com/community/taxes/discussion/you-will-have-to-include-any-1099-s-that-you-ve-received/01/249736#M104930 GuyJ 2019-06-01T20:23:07Z