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Level 3
January 20, 2023
Solved

Custodial investment

  • January 20, 2023
  • 1 reply
  • 3 views

I am custodial on my daughter's investment. We sold shares to reinvest and took a loss. Since I am the custodian of that investment. Do I claim it on my tax returns? She is 17

    Best answer by Bsch4477

    Expert Reviewed

    Generally a custodial account would be under the child’s social security number and any tax related transactions would be reported on the child’s return. 

    1 reply

    Bsch4477Level 15Answer
    Level 15
    January 20, 2023

    Expert Reviewed

    Generally a custodial account would be under the child’s social security number and any tax related transactions would be reported on the child’s return.