Solved: 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?

posted

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.

View solution in original post

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.