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Subject:  UGMA/UTMA deductions?? Date:  1/5/2000  10:40 AM
Author:  rc4me Number:  24420 of 124777

I have a couple of UGMA/UTMA mutal fund (college) accounts with Fidelity set up for my boys. I understand the applicable tax rates for money earned in the accounts however my I get a tax break on any of the monies I deposit into these accounts? What tax form?
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