I opened an ugma account years back for my daughter and she's been selling shares from this mutual fund to help with college expenses this year. How will these have to be claimed on her taxes this year? Thanks for any info. Randy

Randy - the shares belong to your daughter and accordingly she reports them as sales on her schedule D of her form 1040. Her cost basis is determined by whatever the basis was when you purchased the shares, plus the value of any reinvested capital gains or dividends that may have occurred over the years. The statement she gets from the investment house should provide all the info you need.