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March 3, 2022
Question

Gains/Losses

  • March 3, 2022
  • 1 reply
  • 0 views

I have an account for my granddaughter and this year there is a $2,500 loss. She is 13 and has no income, just the gains and losses on the investment I have for her. Do I file a return on her social security number or can her father or I claim the loss on our taxes?

    1 reply

    DoninGA
    Employee
    March 3, 2022

    Gains or losses within an investment account are reported on a tax return.  Only when the investment is sold does the sale need to be reported.