My son is a full time student age 20. He made about $10k in 2016 working summer and part time jobs and had federal withholding. In 2016, I liquidated one of his custodial accounts that was losing money and received a 1099-B showing the loss . I still claim him as my dependent on my 2016 taxes. I know that he needs to file his own return for 2016, but is there any way that I can claim the loss on that particular custodial account on my taxes in order to offset my capital gains?
