Dependent Income

[geekgirldany]

This should be simple but I just can't think right now. Taxpayer's daughter is 23 in college full time. No other income except from a investment account. Stock was sold to pay for college. So there is a 1099-B, interest, and dividends. The account is is the daughter's name and social security number. Should this be reported on a return for the daughter or the parent's return? For some reason I keep on thinking about Kiddie tax rules but I don't think they apply here. I don't have my TTB near by.

Thank you for any help.

[Jesse]

For 2007 kiddie tax rules apply to children under age 18, for tax years beginning after 5/25/07 they change to include full time students ages 19 thru 23.

[geekgirldany]

Thank you!