Is there a certain way to enter a 1099-DIV that is a UTMA account for my child so the taxation is applied correctly?

[RBBrittain]

Is it ultimately in the child's name (as in UTMA beneficiary) & SSN? If so it belongs to the child. You don't enter it on your return unless you're paying "kiddie tax" (and it's usually smarter to file a return for your child -- IF the child has enough income -- rather than claim it yourself as "kiddie tax").

[DaveF1006]

It depends. IRS publication 553 lists very specific criteria on how to report your child's dividend income. For an example, if the dividends are more than $2200, here is the specific criteria.

Form 8615 must be filed for any child who meets all of the following conditions.

1. The child had more than $2,200 of unearned income.

2. The child is required to file a tax return if he/she has other income to report.

3. The child either:

   1. Was under age 18 at the end of 2021,

   2. Was age 18 at the end of 2021 and didn’t have earned income that was more than half of the child's support, or

   3. Was a full-time student at least age 19 and under age 24 at the end of 2021 and didn’t have earned income that was more than half of the child's support.

   (Earned income is defined later. Support is defined below.)

4. At least one of the child's parents was alive at the end of 2021.

5. The child doesn’t file a joint return for 2021.

If your child's only income is interest and dividend income (including capital gain distributions) and totals less than $11,000, you may be able to elect to include that income on your return rather than file a return for your child. To access kiddie tax in Turbo Tax.

1. Log into Turbo Tax
2. Type in kiddie tax in the search bar.
3. Select the link that says jump to kiddie tax.  Completion in this section will create a 8814 in your return and thus report your child's income in your return.