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where should I file a 1099-INT on a minor childe when th e custodian is the grand father?

Senora C
Level 2

Never encountered this before A grandfather hold a CD as ACF for a 1 year old child 1099-INT is in both names but is in child's TIN. Would I file it on the parents or on a separate return under child's TIN?

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Just-Lisa-Now-
Level 15
Level 15

So I think what youre asking is when does  minor child need to file their own return? Or can the parent report it on their return?

Turbotax walks through minor child income pretty thoroughly here


https://turbotax.intuit.com/tax-tips/family/at-what-income-does-a-minor-have-to-file-an-income-tax-r...


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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5 Comments 5
IRonMaN
Level 15

How much was on the 1099?


Slava Ukraini!
Senora C
Level 2

it is for 1429.28

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Just-Lisa-Now-
Level 15
Level 15

So I think what youre asking is when does  minor child need to file their own return? Or can the parent report it on their return?

Turbotax walks through minor child income pretty thoroughly here


https://turbotax.intuit.com/tax-tips/family/at-what-income-does-a-minor-have-to-file-an-income-tax-r...


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15

Check out form 8814


Slava Ukraini!
Senora C
Level 2

THANK YOU