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I gifted/transferred stocks to my 14 year old daughter's Fidelity Youth Account. She sold some shares. The Cap Gains amounted to $6,000 . Does she file her own taxes?
the Youth Account is a teen-owned brokerage account. It is owned by the minor, who makes all the investment decisions. This is unlike an UGMA or UTMA account where the custodian makes the investment decisions.
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May 19, 2021
9:17 AM