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Level 2
September 30, 2022
Question

Child's investment income with parent as custodian

  • September 30, 2022
  • 1 reply
  • 11 views

Where should this be reported and how to report that parent is cutodian?

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1 reply

sjrcpa
Level 15
September 30, 2022

On the child's return. No indication that parent is custodian. Form 8615 needed.

In some situations, the parent can report it on their own return. Form 8814 needed.

The more I know the more I don’t know.
Cherie2Author
Level 2
October 2, 2022

Thank you so much.  It has been years since I had clients with really small children.

I knew that there was a special form but I could not remember what is was.  Immediately after the really great answer it all came back to me .  Thank you

IRonMaN
Level 15
October 2, 2022

It isn't limited to really small children.  Sometimes big kids need it too.

Slava Ukraini!