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Level 1
June 6, 2019
Solved

Dependent stock sale

  • June 6, 2019
  • 1 reply
  • 13 views
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.
Best answer by TomYoung

Your child needs to complete his own income tax return. 

Tom Young

1 reply

TomYoungAlumni - ChampAnswer
Alumni - Champ
June 6, 2019

Your child needs to complete his own income tax return. 

Tom Young