Discussion:What would you do? Form 8814?
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> What would you do? Form 8814?
Discussion Forum Index --> Tax Questions --> What would you do? Form 8814?
| 10 April 2008 | |
| Have a client with a child under 18. The child had $4.32 reported to him on a 1099-B plus some dividend and interest income. I read the instructions for the 8814 and understand that the child should file his own return but is that what you would do or should I just do the 8814 and record record the $4.32 as capital gain distribution?
Plus, can the clients other two children be on the 8814 or is it all or nothing? By the way the the $4.32 was for .7184 of a share (CIL). Thanks in advance | |
| 10 April 2008 | |
| Fill out a profile and read the instructions regarding filing requirements. Another RTFI!!!!! | |
| 10 April 2008 | |
| Bjeter you should read the post before replying. It clearly shows that I have read the instructions. My question is would you file a separate return for $4 reported on a 1099-B? | |
| 10 April 2008 | |
| Please fill out a profile so we can tell if we are helping a fellow Tax Preparer or a DIYer. I would not file a seperate return for merely $4.00. | |
To join in on this discussion, you must first
log in.
