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Importing DIVs from brokerage account also brought UTMA for my child

I am custodian for my child's UTMA account (17 year old).Turbo tax imported DIV data from brokerage account, when I was importing my DIV data for my taxes..from the same brokerage. Shouldn't it suggest "I am custodian for my child's UTMA account..Turbo tax imported from brokerage under my account "you can save more if you file these UTMA dividends under child's tax return"?

Is that a bug in turbo tax?

I deleted DIV form imported from brokerage

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1 Reply
VictoriaD75
Expert Alumni

Importing DIVs from brokerage account also brought UTMA for my child

You can select which forms you wish to import. If you do not deselect, it will choose all forms from the financial institution. If all the forms are located under one custodian, TurboTax cannot denote separate ownership. You can delete the 1099-DIV that does not apply to your return.

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