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How to report UTMA IN PROCONNECT online for income under $2200

Level 1
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3 Comments 3
Level 15

I assume the EIN is for the child. It goes on the child's return and you indicate that the child is claimed as a dependent. The child may owe some tax, based on the AMT. of the UTMA. 

Here's wishing you many Happy Returns
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Level 1

How do you report the UTMA in the child’s social security number. It’s under $300. 

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Level 15

If that is their only income the child does not have to file.

Otherwise report it on the child's return.