Child's investment income with parent as custodian

[Cherie2]

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

[sjrcpa]

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.

[Cherie2]

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]

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

[Cherie2]

I do understand that but I have most of my clients for 25-30 years so many of their children are grown and are now becoming new clients.

Thank you for the input.  I will keep that in mind as the kids children grow up.

Again

Thanks

[BobKamman]

And then there are the ones who find themselves raising their grandchildren.  

[Cherie2]

That is so true and I may be looking at that soon so your input was very valuable.

Thank you