Hello
I am having a hard time figuring out how i should file investment income for my daughter. The accounts are in her name and social security number. I am listed as a custodian.
Can I use the form 8814 for claiming the amounts listed below?
if i am able to file her investment income with the 8814 form, do i list the 1099-B income as capital gains?
My daughter (8 years old) has two investment accounts. In 2020, she earned the following:
1099-DIV
Ordinary Dividends: $903
Qualified Dividends: $595
Capital Gain Distribution: $2401
1099-B: $4,642
