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I have a small mutual fund held by ML that I want to liquidate. The fund was opened several years ago for my daughter, a minor at the time, with my wife as custodian. My daughter is no longer a minor but, as a full time student, doesn't file taxes either. When the fund is closed who will get to pay the long term gain?
Should I remove my wife as custodian (if possible) before cashing in? The fund is about 9K.

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