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  • Aug 31, 2006, 08:04 AM
    teammember
    UTMA taxes
    When an UTMA account is liquidated and given to the child how will the distribution be taxed?
  • Aug 31, 2006, 07:26 PM
    AtlantaTaxExpert
    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.

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