Help from any accounting types. I thought I did not have to file a return for my daughter as she had unearned income of less than $800 and no earned income.
A friend, who pretends to be an accountant, is telling me that she must file a return because she sold a mutual fund (to buy another) and there was a gross sale price over $1000 - even if it was a net capital gain of under $200.
Who's right?
Thanks,
Marc
A friend, who pretends to be an accountant, is telling me that she must file a return because she sold a mutual fund (to buy another) and there was a gross sale price over $1000 - even if it was a net capital gain of under $200.
Who's right?
Thanks,
Marc
