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QUESTION 19 It's common for children to receive financial contributions from parents, and other relatives to help secure a child's financial future by funding investment
QUESTION 19 It's common for children to receive financial contributions from parents, and other relatives to help secure a child's financial future by funding investment accounts for them--but they come with taximplications that must be reported come April 15. In order to shift the taxation of dividend income from a parent to a child, A the child must meet the definition of a dependent. B. the parent must transfer ownership of the stock to the child. O C. the parent must direct the corporation to pay the dividend to the child. O D. the parent can deposit the dividend in the child's bank account. O E. all of the above will result in shifting the taxation to the child
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