goyito
Level 1
‎08-29-2020
03:15 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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?
3 Replies 3
abctax55
Level 15
‎08-29-2020
03:23 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.
"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches
"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches
TaxGuyBill
Level 13
‎08-29-2020
05:05 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.
"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches
"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches