What are the rules for UTMAs and how are they taxed? скачать в хорошем качестве

What are the rules for UTMAs and how are they taxed?

In this video we breakdown how UTMAs/UGMAs are funded, how they grow, and then ultimately how money is distributed. We will talk about in which situations the kiddo will need to file their own return vs when the parents can just file these proceeds on their behalf. 00:00 - Intro 00:54 - UTMA Overview 02:48 - Funding and Compounding 03:39 - Gifting Overview 05:31 - How to treat gains/income from UTMA 09:19 - Using Losses in UTMA 10:29 - Calls to Action Ages of Majority - https://www.policygenius.com/estate-p... Form 8814 - https://www.irs.gov/pub/irs-pdf/f8814... Form 8615 - https://www.irs.gov/pub/irs-pdf/f8615... Form 709 - https://www.irs.gov/pub/irs-pdf/f709.pdf Reporting UMTA on Parental Return - https://ttlc.intuit.com/community/tax... Parent's Election to Report UTMA - https://www.irs.gov/publications/p929... Kiddie Tax Rules - https://www.irs.gov/taxtopics/tc553 Capital Losses Useability - https://fairmark.com/kids-and-college.... Carryforward UTMA losses - https://www.acapam.com/blog/custodial.... #financialplanning #wealthmanagement #financialservices #taxes #retirement #retirementplanning #stocks #edmonds #seattle #cfp #tax #kiddie #investing #education