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June 6, 2019
Solved

I sold stock in my children's account. They each received a tax statement. Can I report the gains on my income tax or do I have to report it on their income tax?

  • June 6, 2019
  • 1 reply
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Taxes are significantly less if I report their profit from the sale of stocks on my tax return.

    Best answer by Bsch4477

    It is their income and should be reported on their return.

    1 reply

    Bsch4477Answer
    Employee
    June 6, 2019

    It is their income and should be reported on their return.