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?

JoPulk · ‎March 9, 2021

DavidD66 · ‎March 9, 2021

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.

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DavidD66 · ‎March 9, 2021

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.

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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?