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Level 2
March 23, 2024
Question

How do I reporting capital gains for a child on parents return?

  • March 23, 2024
  • 1 reply
  • 4 views

I am working on a parent's return where the child has roughly $2,000 in investment income.  I am able to report the interest and dividends on the parents return but how do I report the capital gain from the sale of stocks?

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    1 reply

    sjrcpa
    Level 15
    March 23, 2024

    You can't. Child has to file own return in this situation.

    The more I know the more I don’t know.