Tax Question

Discussion in 'Law and Justice System' started by LeoLady, Jan 24, 2009.

  1. LeoLady
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    LeoLady Member

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    Is there a legal expert on taxes, who could tell me who would pay the capital gains taxes on money designated as a UGMA account with a custodian that is someone other than the parent? The parent has nothing to do with this money, doesn't get statements or even know where or how it's invested. All I do know, is it's under the child's social security number. Who's responsible for the taxes?
     

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