I Posted this on misc.taxes.moderated, but I think they're having posting issues right now so I thought I would try here:
My son was given some stock for his 16th birthday. He recently decided to sell it and, for convenience, it was sold through my brokerage account. Since it will be 1099'ed to me, can I declare it as a nominee transaction and put it on his 2007 return rather than mine? There appears to me a couple of hundred dollars of difference in the amount of tax.
Thanks Bill