I have a securities account I contribute to for my son. He is under 18 and I am the custodian. Do I file on my return and if so, how do I indicate that the recipient ID is his?

[CLR422]

custodian ugma accounts

[RichardK · Accepted solution]

If your sons income meet certain tests you can include your sons income on your return using Form 8614, if your sons income does not these tests, your son must file a tax return, click here for the IRS page Tax on a Child's Investment and Other Unearned Income (Kiddie Tax).