How do I enter Dividends from a custodial account a grandparent set up for a grandchild, in Proconnect?

[olga-santoro-wes]

An individual opened a custodial (UGMA) for a grandchild.   Are the parents responsible for paying the taxes or can the gran parents enter the interest and dividends on their personal tax return?

Thanks

[sjrcpa]

Goes on parents' or kid's return. Kiddie tax may apply.

[olga-santoro-wes]

Yes that's what I thought thank you.  No reporting at all for the GP

[George4Tacks]

Grandparents made a gift and possibly should have filed a gift tax return at that time (depending on how much given.) Afterwards all income is income of the child, subject to Kiddie Tax (depending on age.)