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

nmcori · ‎02-17-2021

George4Tacks · ‎02-17-2021

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.

Answers are easy. Questions are hard!

Yolcru0p · ‎03-15-2021

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

sjrcpa · ‎03-15-2021

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

Otherwise report it on the child's return.

The more I know, the more I don't know.

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

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