"Proch" wrote:

- quote -

Whose SSN is shown? It sounds like this is a UTMA account that your MIL set
up for your son's benefit. If so, it should be your son's.

- quote -

be on the 1099, and the income goes on his return if he's required to file
one. If this is his only 2007 income he's not required to file. See the
1040 instructions.

If it's something else, you need to find out what it is. Although it's
technically not your problem, if it's your MIL's problem you probably don't
want that to go unresolved.

--
Phil Marti
Clarksburg, MD

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In misc.taxes.moderated, Proch wrote:

- quote -

Thank your mother in law?

- quote -

Many, if not most, people have mutual funds set up to automatically
reinvest distributions.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I got a 1099-DIV in the mail from Vanguard.

It's got my mother in law's name, and below it my 9 year old son's.

What do I do with this? It's got like 150 listed under ordinary dividends
and 30 listed under qualified dividends.

Do I put this in my taxes? I don't recall ever receiving a check from
Vanguard, why would I be paying taxes on it?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >