teammember
Aug 31, 2006, 08:04 AM
When an UTMA account is liquidated and given to the child how will the distribution be taxed?
AtlantaTaxExpert
Aug 31, 2006, 07:26 PM
The only thing that is taxed on the distribution is the capital gains, which, depending on how much the UTMA has grown over the years, can be a lot or a little.