Hi TMF, thanks for your reply. The mutual fund is in my childs name under her SSN. I am the guardian. I was just surprised (taken off guard) when I learned of the mutual fund distribution, and especially when it dropped a huge percent on top of it too. Wow. I guess I'll have to wait and recoup most of the loss, and then I'm moving her money into individual stocks. I got the Motley Fool 2000 Tax Book and was reading about this situation yesterday while waiting for replies. This is the first time I've been faced with having to fill out a seperate return for her. Does that mean that I need the 1040 long form, not the short one? With the 8615 form attached? Thanks, jfkuzas
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