Filing taxes on UTMA interest. Please help!

Parent Cafe
1

<p>Would someone please talk me off the ledge? I’m attempting to fill out S’s 1040A and am unclear about where to indicate the exemption of the first $850 he has earned in interest income. Do I place it on line 8b of his 1040A? If you can advise, please take me through this line by line. Thank you!</p>

2

<p>PM me and I will let you know what TurboTax did with my S’s return.</p>

3

<p>Thanks, TooTired! I too am too tired to think anymore tonight so I’ll contact you tomorrow.</p>

4

<p>Worrywart,
I cannot reply to your PM. It says your private message function is blocked/disabled.</p>

5

<p>I believe I’ve just corrected that. Sorry, I’ve never done this before.</p>

6

<p>The $850 is his standard deduction.</p>