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G
goyito
Level 3
August 29, 2020
Question

how an i paid short and long term capital gains for my young son

  • August 29, 2020
  • 3 replies
  • 28 views

Hi I would like to know how can i pay taxes for my son 12 year old he had like 50k on short and long Capital gains.  How it will be more beneficial saving money on taxes?

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3 replies

abctax55
abctax55
Level 15
August 29, 2020

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.


 

HumanKind... Be Both
    T
    TaxGuyBill
    August 29, 2020

    Actually, if you have a 12 year old with $50,000 of capital gains you should go to a tax professional to see the entire situation.  With a large amount of money, it is foolish to ask random strangers on the internet who don't have all of the pertinent details.

      abctax55
      abctax55
      Level 15
      August 29, 2020

      That was my sentiment too, after I posted.  

      A 12 y/old with that much investment income probably needs professional tax advice.

      HumanKind... Be Both
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