Hi,I am thinking of starting a Dividend Reinvestment Plan (DRIP) for my teenager with some of his money. I believe I would have to first get into the DRIP myself, then transfer to him (I doubt he can open his own). When a sale occurs, how do the taxes work? Do I account for any capital gain/loss on my taxes through the time I transferred to him, then the rest is on his tax return? (right now he doesn't have income and so does not fill out a tax return)Thanks for any guidance,Mike
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra