MGC94
Level 7

taxpayer Cust

FBO grandchild (10 years old)

1099-DIV

1a. 62 1b. 46

does taxpayer have to report this? 

 

Thank you

0 Cheers
sjrcpa
Level 15

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.


Ex-AllStar
MGC94
Level 7

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

0 Cheers
BobKamman
Level 15

Review the chart on Page 10 of the 1040 instructions.