Shares are purchased in a custodian account, and are later sold at a profit. tax liability rests with the:

a. custodian
b. minor
c. minor at the age of majority
d. custodian at the age of majority

The correct answer is letter "B": minor.

Explanation:

When a trading account is opened the information of the account holder is registered. Even if the primary in the account is a minor, his or her Social Security Number (SSN) is registered. Then, all liabilities fall in the minor even if legally the under-age cannot place or exit from trades. Then taxes are reported every year but through a custodian who is the person in charge of managing the account at the convenience of the minor until he or she becomes an adult.

the answer is b for dog

d. all of the above are true.