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refinch
New Member

Custodian Accounts for minors

My wife and I setup custodian accounts for two minor grandchildren. A 1099 DIV was issued for each with dividends of less than $500. Do we need to claim this income on our 2018 tax return?

1 Reply
WillK
Level 9

Custodian Accounts for minors

TurboTax Michelle has an excellent answer on this topic:https://ttlc.intuit.com/replies/7284740

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