Dependent stock sale

[scaggs05]

My 9 year old received stock when he was a baby.  Last year the company decided for us that it would sell our shares and issued us $2500.  Does he have to file a return or do I claim the income?  He's 9 so this would be his only form of income and I am claiming him obviously.

[TomYoung · Accepted solution]

Your child needs to complete his own income tax return. 

Tom Young