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Subject:  Re: Why Not Take Gains in UTMA? Date:  2/8/2013  8:46 AM
Author:  MurrayS Number:  117687 of 129721

3. If the dependent has only long-term cap gains and qualified dividends the dependent will pay zero tax up to $1900 of income even though a return may be required.

Thanks very much for confirming this for me.

I didn't mention, we have a portion of her funds in a total bond index fund. Would the monthly proceeds from the bond fund be considered interest or qualified dividends? I entered those amounts straight from the 1099 from Vanguard and it appears those are qualified dividends.

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