Child Income 1099-Div & 1099-B

[texheel99]

I have read where the recommendation is to combine all Box 1a entries and enter those into TurboTax. However, my T. Rowe Price 1099-Div states the following:

The IRS does not allow you to total all distributions from T. Rowe Price funds and report them as a single amount. You will need to list each fund name and amount separately on your tax return. The mounts reported here may differ from your year-end statement due to changes in tax treatment. Use the amounts on this form for your tax return.

So my question is how do I enter line by line 1099-Div information from one brokerage for a single child? I have 2 children.

Also, I had exchange transactions for both of them in moving funds between mutual funds on these UTMA accounts. How do I enter 1099-B information for them?

I do plan on reporting their information under my name.

[rjs]

You cannot report your children's income on your tax return if they have 1099-B transactions. You have to file a separate tax return for each child, and report all of each child's income on the child's own tax return.

As for the 1099-DIV entries, it sounds like the children have dividends that are reported separately for each mutual fund. The payer is the individual fund, not T. Rowe Price. That's why each one has to be listed separately. That's the way the funds report the dividends to the IRS.