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Pastimes : Children and Investing
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To: Patricia Meaney who wrote (3)11/2/1998 11:14:00 AM
From: Early Out  Read Replies (1) of 22
 
Patricia,

Sounds like you are doing a great job with your children, it's very impressive that your young daughter could make the connection between company and product. That's clearly a direct result of your early teachings with investing, and something I hope to help my children with when they are that age.

Your comment about capital gains brings up a couple of questions:

1) If I have an account in my children's name, and I sell a stock for a profit within the account, does my child have to file a tax return? It sounds like it. Can someone point me to some good links regarding this topic?

2) What about stocks that pay a dividend? I believe as long as they don't earn more than $400 per year in dividends and interest they don't have to file, is that correct?

Thanks
-jsc
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