Got 1099-DIV (<$1000) for UTMA acct for grandchild, in child's SSN. Not my dependent. Do I or child's parent need to include 1099 on return? Child has no other income.

I know at some point it becomes taxable, and assume parent has to file for child or include on their return then. My question is does anyone have to report it now if it's less than $1100 ?

posted

There is no need to report the income if it is less than $1100. Here is more information about the income of a dependent.

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Got 1099-DIV (<$1000) for UTMA acct for grandchild, in child's SSN. Not my dependent. Do I or child's parent need to include 1099 on return? Child has no other income.

Got 1099-DIV (<$1000) for UTMA acct for grandchild, in child's SSN. Not my dependent. Do I or child's parent need to include 1099 on return? Child has no other income.

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Got 1099-DIV (<$1000) for UTMA acct for grandchild, in child's SSN. Not my dependent. Do I or child's parent need to include 1099 on return? Child has no other income.

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Got 1099-DIV (<$1000) for UTMA acct for grandchild, in child's SSN. Not my dependent. Do I or child's parent need to include 1099 on return? Child has no other income.

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