MGC94
Level 7
04-08-2021
12:45 PM
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taxpayer Cust
FBO grandchild (10 years old)
1099-DIV
1a. 62 1b. 46
does taxpayer have to report this?
Thank you
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sjrcpa
Level 15
04-08-2021
01:01 PM
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It goes on the grandchild's return, if the child has to file a return.
This assumes it is issued in the child's SSN.
The more I know the more I don’t know.
MGC94
Level 7
04-08-2021
01:31 PM
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The child is 10 years old. They have to file a return? this is the only income the child would have
BobKamman
Level 15
04-08-2021
02:02 PM
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Review the chart on Page 10 of the 1040 instructions.