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The social security number(s) that is (are) used for Internal Revenue Service reporting in a custodial account is (are) the: A minor's social security number B custodian's social security number C account has the choice of using either the minor's social security number or the custodian's social security number D parent's social security number Review

Sagot :

Baraqidn

Answer:

A minor's social security number

Explanation:

Given that a custodial account is an account opened for children or minors, it is expected that the "minor's social security number" should be used for Internal Revenue Service reporting.

This is to ensure the child or minor involved is duly registered as the current holder of the custodial account. This also helps in having the interest reported to the Internal Revenue Service on his behalf.

Hence, in this case, the correct answer is option A "minor's social security number."

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