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?
02379
2 Replies
Vanessa A
Expert Alumni
Apr 13, 2023 11:46:48 AM
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.