3607880
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mcmillank
New Member

I have an easy start savings account and an Education account for my Grandson. I am co-owner of the account. do I have to report the interest on his account. He is 13.

It was sent in my Grandson's name.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MaryK4
Expert Alumni

I have an easy start savings account and an Education account for my Grandson. I am co-owner of the account. do I have to report the interest on his account. He is 13.

As a co-owner, either of you could report the income- but depending on the amount, his parents may have to report (see What is the Kiddie Tax? - TurboTax Support - Intuit).  

 

His filing requirement depends on  income and other criteria. Find details on filing requirements for dependents.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question