jcorosa1
New Member

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.