Discussion:Capital Losses in kid's custodial account

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Revision as of 17:22, 1 April 2009

Discussion Forum Index --> Advanced Tax Questions --> Capital Losses in kid's custodial account
Discussion Forum Index --> Tax Questions --> Capital Losses in kid's custodial account

Woodstock (talk|edits) said:

1 April 2009
Taxpayer has custodial account for child. Minimal dividends, but for last year, had gross proceeds of (an investment firm that went under) stock of $4,000 with a cost basis of $59,849. The kid is three. There is nothing he can do but file the kid's return and the losses will carryfoward, right? Thanks for your insight!
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