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 sonicool83
Joined: 16 Sep 2009
Posts: 11
3.66 Dollars($)
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 Posted: Sat Sep 19, 2009 2:17 am Post subject: income i am gaining is that included in my income FROM TRADI |
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IF I open a demat account in the name of my sister and do trading with that,I ALSO INVEST MY MONEY.
Whatever income i am gaining is that included in my income OR MY SISTER NAME?
IF THIS TRUE THEN IS THIS INCLUDE IN MY TAX?
PLEASE CLERIFY WHAT IS CORRECT? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7434
Location: bloomfield, ct
67.38 Dollars($)
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| Posted: Sat Sep 19, 2009 5:52 am Post subject: |
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i think you and your sister ought to sit down and have a discussion.
you need to be careful involving yourself with other people and money. i just responded to your post about a loan you cosigned. learn your lesson quickly: it's dangerous to combine friendship with money or family with money.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
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| Posted: Sun Sep 20, 2009 6:32 pm Post subject: |
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| What ever the gains you have will not be inculded in yoru income. Your sister need to pay taxes on it |
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