goyito
Level 1
08-29-2020
03:15 PM
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Hi I would like to know how can i pay taxes for my son 12 year old he had like 50k on short and long Capital gains. How it will be more beneficial saving money on taxes?
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abctax55
Level 15
08-29-2020
03:23 PM
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Hi there,
You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.
"*******Tax software is no substitute for a professional tax preparer*******
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TaxGuyBill
Level 15
08-29-2020
05:05 PM
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Actually, if you have a 12 year old with $50,000 of capital gains you should go to a tax professional to see the entire situation. With a large amount of money, it is foolish to ask random strangers on the internet who don't have all of the pertinent details.
abctax55
Level 15
08-29-2020
05:49 PM
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That was my sentiment too, after I posted.
A 12 y/old with that much investment income probably needs professional tax advice.
"*******Tax software is no substitute for a professional tax preparer*******
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