Entering 1099-DIV infromation for UTMA account in TurboTax

My 11 year old son received a 1099-DIV reporting $8 dividend in a UTMA account. Do I have to enter this information anywhere in the TurboTax questionnairs of my tax return?

posted

Connect with an expert

2 Replies

Entering 1099-DIV infromation for UTMA account in TurboTax

No. The first $1,150 of unearned income for a child is tax free. This means, you would not need to include an $8 1099-DIV on your return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Entering 1099-DIV infromation for UTMA account in TurboTax

Thanks

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post