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mike-urbanski
January 24, 2025
Question

Where (or do I) need to report a $10.50 dividend AND some stock loss on my 12 year old sons' etrade account?

  • January 24, 2025
  • 1 reply
  • 0 views
It's a custodian account that he has under mine.

    1 reply

    A
    AmeliesUncle
    January 24, 2025

    If that is his only income, he is not required to file a tax return.  It does not go on your tax return either.

     

    But if the stock loss is large, he may want to file a tax return so the loss can be carried over to next year (where it can offset income that he may have that year).

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