A
antonr01
When my son was born, my in-laws gave my son $5000 worth of
AT&T stock. Over the years there have been many spinoffs,
etc. In 2005, I sold some of the stock which was a spinoff,
Comcast, $5000 worth. Since it was a spinoff, I have
essentially all profit and no cost.
I intend to report this income on my son's tax return, not
my tax return. Is it a straight deduction if the money is
being used for college tuition, or are there some things I
need to be careful of.
AT&T stock. Over the years there have been many spinoffs,
etc. In 2005, I sold some of the stock which was a spinoff,
Comcast, $5000 worth. Since it was a spinoff, I have
essentially all profit and no cost.
I intend to report this income on my son's tax return, not
my tax return. Is it a straight deduction if the money is
being used for college tuition, or are there some things I
need to be careful of.
Last edited by a moderator: