My child's only income is short-term capital gains that's over 1100.
Does this mean she is required to file separately (cannot include her income on our tax return)?
From IRS instruction for "Election to report child's unearned income on parent's return", one of the conditions is:
Your child had gross income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends).
I guess I am asking whether "Short-term capital gains" falls under "capital gain distributions"?
Thank you
