We have a trust for our daughter, do we have to pay tax when no mney has been withdrawn?

[bajabrown]

Received 1099 on an account set up for daughter that cannot be withdrawn from until 18.  Do I include that in our tax return?  Why do I have to pay tax on that now?

[GuyJ]

You will have to include any 1099's that you've received in your filing.  Is the 1099 for accrued interest on the account?  If so, that's a form of income.