Discussion:Capital Losses in kid's custodial account
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| Revision as of 17:40, 1 April 2009 Kevinh5 (Talk | contribs) (oh, and kudos to) ← Previous diff |
Revision as of 17:43, 1 April 2009 Woodstock (Talk | contribs) (thanks kevin - t) Next diff → |
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Revision as of 17:43, 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
| 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! | |
| 1 April 2009 | |
| the client is lucky it wasn't in grandma's account. At least the child has a chance of living long enough to use the capital loss carryforwards!!! | |
| 1 April 2009 | |
| oh, and kudos to him for knowing how to pick such winners
only a fool would not be diversified | |
