Report the underlying assets of your dependent child’s Uniform Gifts to Minors Act (UGMA) account or Uniform Transfers to Minors Act (UTMA) account in Schedule A. For Your Dependent ChildrenSchedule AReport each underlying asset of a UGMA or UTMA account that individually was worth more than $1,000 at the end of the reporting period or that individually produced more than $200 in income during the reporting period. You may list the financial institution at which the account is held, but this is not required. This guide contains specific instructions for each type of asset held in such an account. For example, this guide contains instructions for mutual funds, exchange-traded funds, stocks, corporate bonds, cash deposit accounts such as certificates of deposit, and other financial instruments. Click Here for Frequently Asked Questions
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.