If I have custodial accounts for my children do I need to report that on my tax return? They only have interest and dividend income and if may total $150.00 for each.

lisakerr4 · ‎June 4, 2019

MaryK1 · ‎June 4, 2019

No, if the child only has unearned income of less than $1050, it is not taxed and does not have to be reported.

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MaryK1 · ‎June 4, 2019

No, if the child only has unearned income of less than $1050, it is not taxed and does not have to be reported.

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