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MGC94
Level 7
April 8, 2021
Question

1099-DIV

  • April 8, 2021
  • 3 replies
  • 20 views

taxpayer Cust

FBO grandchild (10 years old)

1099-DIV

1a. 62 1b. 46

does taxpayer have to report this? 

 

Thank you

This topic has been closed for replies.

3 replies

sjrcpa
Level 15
April 8, 2021

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
MGC94Author
Level 7
April 8, 2021

The child is 10 years old. They have to file a return? this is the only income the child would have

BobKamman
Level 15
April 8, 2021

Review the chart on Page 10 of the 1040 instructions.