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badurheim
Level 1
Jun 1, 2019 8:02 AM UTC
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Custodial taxes

my child has less than $500 form a custodial account on form 1099 Div.  I know that they do not need to file but do i need to put that on my return?
Answer
Jun 1, 2019 8:02 AM UTC

No, for unearned income of $1,050 or less the child is not required to file a federal tax return and you are not obligated to report the income on your tax return. 

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1 reply

Anonymous
Answer
Jun 1, 2019 8:02 AM UTC

No, for unearned income of $1,050 or less the child is not required to file a federal tax return and you are not obligated to report the income on your tax return. 

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