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Reply to "if your parents have an UTMA account for your kids..."
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[quote=Anonymous]FWIW, if your kid has $950 or less of income, then there's no need to file anything on your taxes.* If it's really a "small account" (and your kid doesn't have a lot of other income) then there's probably no need to bug your dad. *if kid has earned income, then kid may be able to earn even more without filing.[/quote]
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