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My kid earned income of $275.00 in her UGMA account, she is…

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My kid earned income of...
My kid earned income of $275.00 in her UGMA account , she is 17 years old , do we need to report it .
Submitted: 2 years ago.Category: Tax
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Answered in 8 minutes by:
2/28/2016
Tax Professional: jludwic,
 replied 2 years ago
jludwic
Category: Tax
Satisfied Customers: 30,031
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Is this an immigration law question?

What is a UGMA account?

Judith

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Customer reply replied 2 years ago
This is a UGMA account , I thought was asking a CPA it's an account for minors
Tax Professional: jludwic,
 replied 2 years ago

Requesting this be moved to tax.

Please do not respond, it will delay the move.

Judith

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