Posted by Mike on July 30, 2011 at 15:03:29:
Gentlemen, my question isn’t specific to real estate, but I can’t think of a better source of info than you guys.
I am the custodian for the savings account of my minor child, (Florida, if it matters). We’re talking only about a $300 balance or so.
I received a W9 in the mail from Bank of America today requesting the form be completed and returned.
I have two questions:
- Part 1 asks for a social security number. Is that mine or the child’s?
- Will I need to file a tax return for the child next year?