I imported by tax statements from Fidelity into TurboTax. I have a UTMA account for my daughter but when I review the section she doesn't appear as an option in the drop down menu. Only my name and my wife's.
The amount of the dividends is below the income limit so they won't need to their own return.
How do I get her name added as an option when reporting the 1099-DIV?
You'll need to sign in or create an account to connect with an expert.
assuming 1) it's her SSN on the 1099-DIV, 2) all her income is it, and 3) the total of dividends and capital gain distributions is not greater than $1300, there is no reporting on your return and she does not have to file her own return. She's not subject to the kiddie tax (it's tax-free).
if your SSN is on it, you're going to have to report it as in an out
Thank you. Her SSN# is on the form. I will delete it from the return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
naejay32
New Member
kduckles
New Member
nakoenig360
New Member
rochelle-leheux
Level 1
buyer beware
New Member