I have a securities account I contribute to for my son. He is under 18 and I am the custodian. Do I file on my return and if so, how do I indicate that the recipient ID is his?
I have a securities account I contribute to for my son. He is under 18 and I am the custodian. Do I file on my return and if so, how do I indicate that the recipient ID is his?
If your sons income meet certain tests you can include your sons
income on your return using Form 8614, if your sons income does not these tests,
your son must file a tax return, clickhere for the IRS page Tax
on a Child's Investment and Other Unearned Income (Kiddie Tax).
I have a securities account I contribute to for my son. He is under 18 and I am the custodian. Do I file on my return and if so, how do I indicate that the recipient ID is his?
If your sons income meet certain tests you can include your sons
income on your return using Form 8614, if your sons income does not these tests,
your son must file a tax return, clickhere for the IRS page Tax
on a Child's Investment and Other Unearned Income (Kiddie Tax).
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