View Full Version : Tax Question
85Sooner
3/1/2006, 12:03 PM
I am claiming my sons interest and dividends on my return. Taxcut asks for this info just fine. BUT Where does one report the realized gains from stock sales when its for the kid? Taxcut does not ask about this?
Any thoughts?
TIA
85Sooner
3/2/2006, 08:34 AM
what? no one knows anything about taxes?
Sooner_Bob
3/2/2006, 09:04 AM
Thanks to Pat the SO has already asked the quota for tax-related questions . . . :D
Hamhock
3/2/2006, 09:39 AM
Depends on how much taxable income you are talking about and whether the kid is north or south of 14, and whether/how much earned income the kid has.
Check this out: (or pay me) :D
http://www.irs.gov/pub/irs-pdf/p929.pdf
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