My child has a UTMA and received a 1099DIV and 1099B. Is my child required to file their own return because of the 1099B, or can I include them on my return?
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1 Best answer
DavidD66
Expert Alumni
Mar 9, 2021 9:13:46 PM
Your child will have to file a tax return if he/she received a Form 1099-B. While parents can elect to report a dependent's interest and dividends on their tax return, that is not an option when there is a Form 1099-B.
1 Replies
DavidD66
Expert Alumni
Mar 9, 2021 9:13:46 PM
Your child will have to file a tax return if he/she received a Form 1099-B. While parents can elect to report a dependent's interest and dividends on their tax return, that is not an option when there is a Form 1099-B.