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You My kids inherited IRAs and each received MRD of $1,200. I am custodian (all are minors). Do I need to file a return for each?

Since I am custodian, TurboTax imported their 1099Rs as mine.  The 1099Rs have the correct name and SSN, if I need to file for each child can I just delete these from turbotax?

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dmertz
Level 15

You My kids inherited IRAs and each received MRD of $1,200. I am custodian (all are minors). Do I need to file a return for each?

These distributions must be reported on each child's separate tax return, not on your tax return.  Simply delete them from your own tax return and use TurboTax to prepare a separate tax return for each child where you will enter each of these Forms 1099-R.

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dmertz
Level 15

You My kids inherited IRAs and each received MRD of $1,200. I am custodian (all are minors). Do I need to file a return for each?

These distributions must be reported on each child's separate tax return, not on your tax return.  Simply delete them from your own tax return and use TurboTax to prepare a separate tax return for each child where you will enter each of these Forms 1099-R.

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