Can I put $20,000 into each of my kids accounts, claim them as earning income and then open Roth's for them? Lets say they each earned $5,000 in their account next year. My daughter is 2 and my son only 6 months.My next question is for day trading. Because they are short term trades, do the losses just get subtracted from the gains? Example Gains $40,000, losses $26,000. Am I only responsible for income tax on the $14,000 gained?
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