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February 6, 2025
Question

Dividends and capital gains

  • February 6, 2025
  • 1 reply
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My daughter is 19 years old; and she is going to file her own taxes; and I also claim her as my dependent.  When she files her own taxes, does she need to report the dividends, and capital gains in the custodial account?

1 reply

February 6, 2025

Yes.  If she is filing a return, she will need to include ALL income from ALL sources, including dividends and capital gains that are in her name.  

 

Since you are claiming her as a dependent,  her unearned income will be subject to the  kiddie tax.  

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