I just found out that my 10 yr old's mutual fund distributed capital gains. (approx. $4000) What is the best way to handle this? Previously, I've added her interest income to our tax return. But, now, this is something different and completely new to me! Should I file a seperate return for her? I was unaware of the 14 yr old rule. I am the guardian of her mutual fund, it is in her name. Thanks in advance.
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