UGMA or UTMA Account
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 Part 6.
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#
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Description
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EIF
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Value
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Income Type
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Income Amount
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1
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ABC Diversified Bond Fund (ABCDX)
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Yes
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$50,001 - $100,000
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$1,001 - $2,500
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2
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Xylophone Technologies Corporation (XYZ)
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N/A
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None (or less than $1,001)
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dividends, capital gains
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$2,501 - $5,000
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For Your Dependent Children
Part 6
Report each underlying asset of a Uniform Gifts to Minors Act (UGMA) account or Uniform Transfers to Minors Act (UTMA) account that individually was worth more than $1,000 at the end of the reporting period or from which more than $200 in income was received during the reporting period. You may indicate that the assets are held within an UGMA or UTMA account, but this information is not required.
This guide contains specific instructions for common types of assets held within such an account (e.g., mutual funds, exchange-traded funds, stocks, and corporate bonds).
Click Here for Frequently Asked Questions
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