Does my kids investment account get a W-2?
No. Kids investment accounts (“UGMA”) do not issue W-2s. W-2s are for wages from an employer.
If the account earned investment income (like dividends, interest, or investment sales), the custodian may receive a Form 1099 instead (most commonly a Consolidated 1099). This income is generally reported under the child’s name and SSN, but the parent/guardian typically includes it when filing taxes.
If the account had no reportable activity, there may be no tax forms at all.
*Fabric by Gerber Life and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
What tax forms might I receive for my kids investment account?
If applicable, you may receive:
Consolidated Form 1099 (includes 1099-DIV, 1099-INT, 1099-B, etc.)
Other less common forms, depending on activity
These are generated and delivered by Apex Clearing, the brokerage custodian.
*Fabric by Gerber Life and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Will documents be sent via physical mail or email?
The default method is electronic delivery via email; however, physical mail will be used if emails are undeliverable:
Official tax documents are prepared and sent by Apex Clearing via email
Emails typically arrive in late January and February
They are sent from: fabric@tax-docs.com
The email includes a secure link (there will be no PDFs attached)
If an email cannot be delivered, Apex Clearing will mail a paper copy instead.
Where can I find my tax documents online?
To access your tax documents:
Log in
Select ‘Kids investment account’
Click the three dots in the upper right corner
Choose “View statements and docs”
Open the Taxes tab to download available forms
If you’re not able to access your tax documents, please contact us via chat or email support@meetfabric.com.
When are tax forms sent?
Typical timing:
Late January – some forms (like 1099-Q, if applicable)
Mid-February – most Consolidated 1099s (most common)
Additional forms may arrive later, depending on account activity
Do I need to do anything right now?
If you received tax documents:
Save them
Share them with your tax preparer or use them when filing
If you’re unsure whether you need to file:
A tax professional can help determine how (or if) the child’s investment income should be reported
*Fabric by Gerber Life and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.