Thursday, December 15, 2011

What type of brokerage account would be most efficient to open for me to open?

I am a minor, and would like to declare my gains/losses in my taxes not through my mother as I do now?


Could I just open a regular joint account? Trust account?|||As a minor, you're not allowed to have an account. So, it has to be a trust account in your mother's name. Once you turn of age, your broker can change ownership to yourself.

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