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how an i paid short and long term capital gains for my young son

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Level 1

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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Level 15

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.


 

Former Chump... umm.... AllStar.
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Level 12

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.

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Level 15

That was my sentiment too, after I posted.  

A 12 y/old with that much investment income probably needs professional tax advice.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches