topic My son received a UTMA check of $8,000 from his grandfather for H.S. graduation. Does he have to claim as income or file a tax return for this? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/my-son-received-a-utma-check-of-8-000-from-his-grandfather-for-h-s-graduation-does-he-have-to-claim/01/448202#M40986 Tue, 04 Jun 2019 22:46:55 GMT ebreuer315 2019-06-04T22:46:55Z My son received a UTMA check of $8,000 from his grandfather for H.S. graduation. Does he have to claim as income or file a tax return for this? https://ttlc.intuit.com/community/retirement/discussion/my-son-received-a-utma-check-of-8-000-from-his-grandfather-for-h-s-graduation-does-he-have-to-claim/01/448202#M40986 Tue, 04 Jun 2019 22:46:55 GMT https://ttlc.intuit.com/community/retirement/discussion/my-son-received-a-utma-check-of-8-000-from-his-grandfather-for-h-s-graduation-does-he-have-to-claim/01/448202#M40986 ebreuer315 2019-06-04T22:46:55Z The UTMA account is a gift. And gifts received are not t... https://ttlc.intuit.com/community/retirement/discussion/the-utma-account-is-a-gift-and-gifts-received-are-not-t/01/448210#M40989 <P>The UTMA account is a gift. <BR /></P><P>And gifts received are not taxable. Your son does not have to file a tax return or report this gift.<BR /></P> Tue, 04 Jun 2019 22:46:57 GMT https://ttlc.intuit.com/community/retirement/discussion/the-utma-account-is-a-gift-and-gifts-received-are-not-t/01/448210#M40989 MinhT 2019-06-04T22:46:57Z