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posted Mar 28, 2025 9:04:59 AM

UTMA entry location in TurboTax

My parents transferred my UTMA to me this year. Where do I enter the Total Ordinary Dividends, Qualified Dividends, and Total Capital Gain Distributions? Since it is an UTMA, there is an X amount that is not taxable, what is this amount? Where does it come from (total ordinary, qualified, or total capital gain distributions, or the total of all)?

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1 Replies
Level 15
Mar 28, 2025 12:28:38 PM

@mjb2002 

 

Find it yet???

 

That is a 1099-DIV form, and is on the Federal Wages&Income page....down in the Interest & Dividends area.

 

If your parents have been using TurboTax for years...it might help if you walked thru it with them looking over your shoulder.    You just enter all your forms, and any other tax forms and income you have,, and the tax software will let you know if it isn't getting taxed...but if you have other income, like w-2 or other working income, there might be some taxes assessed. 

 

(Once the UTMA account was transferred to you, it is no longer a UTMA account...it is just a regular, personal investment account)

 

Depending on the amounts you enter, you might have to upgrade to the "Premium " version to