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Level 1
posted Jun 1, 2019 12:47:46 PM

My 12 year old child has his own investment account and was issued a 1099-B for sales proceeds from CD with $0 gain (covered short-sale)Does he have to file a tax return?

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1 Replies
Level 15
Jun 1, 2019 12:47:48 PM

see IRS pub 501 for who must file based on income and circumstances.

Being a minor does not exempt you.