To andi123The IRS matches up the 1099's sent to them by the paying agent (bank stating interest on the CD) The1099 will go to the person owning the CD ie: your daughter. Best thing to do is to reimburse her for thetax she has to pay on the interest earned. It is a small amount - take her out to lunch!!! PS A gift, Inheritance and anything you own before marriage isconsidered separate property, and thus it is from yourFather to you.
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