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Thu Mar 31

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DeltaOne81 posted to the Tax Strategies board. 9:31 PM

Kiddie tax/Filing threshold for minor

Question 1) When determining whether a minor needs to file, if the minor has an account with capital gains, are you considering: a) the gross proceeds, or b) only the gain/loss?

E.g. if you sold a stock in the name of the minor for $10,100 [more]

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