Does my child have to file

My three year old son had two potentially reportable issues, both caused by a stock broker messing up:

1. An UTMA account was opened instead of a Coverdell ESA account. Account had to be closed and position liquidated in order to open de Coverdell ESA account.

>> result: 1099-B reporting the liquidation of the position,
>>> resulting in a few dollars loss.

1. My ,000 contribution to the Coverdell account was executed twice..... The excess contribution including attributable gain was removed.

>> result: 1099-Q reporting the gross distribution in box 1.

Questions:

Does my son needs to file his own return just to report these events? He has no other income. Do I report anything on my own return regarding these isssues?

Thank you much.

Etienne

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