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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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1099B
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EminC
Level 2
03-23-2022
03:13 PM
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Client received 1099 B as Custodian for his son and there is Capital Gain of about 26K. Does client report this on his income or the son should report on his return?
UNYUTMA
UNTIL AGE 21
Thanks
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EminC
Level 2
03-23-2022
03:49 PM
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The unearned income is more 1100 total is about 26K from Stock, do you think child 17 should file own taxes for it, even though parent is custodian of the account?
Thank you
EminC
Level 2
03-23-2022
03:51 PM
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Sorry, missed your answer before.
