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Bunnyahh 
Guest Group
Joined: Aug 14 2009
Location: ♥ Cloud 9 ♥
Status: Offline
Points: 162121
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 Posted: Jan 03 2013 at 1:17pm |
yeah, in the relationship section, she said that she was still going to school, even with the baby.
Let dreamz tell it, she's just a dumb teen mom drop out with nothing going for her leeching off her parents.
that is not the case
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ms_wonderland
Elite Member
Joined: Apr 05 2009
Location: TTT
Status: Offline
Points: 310272
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Posted: Jan 03 2013 at 1:17pm |
 Bunnyahh wrote:
you should make a spinoff---
What would you do if your mom spent your college money?
What would you do if your mom got bill collectors coming after you for debts that aren't yours? |
i am not thinking the mother was any types of malicious when it came to this...i think this was a mother who had high expectations for her daughter considering she saved 14k for her college fund...she got pregnant...
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Sang Froid
Elite Member
Joined: Aug 08 2010
Location: Ethiopia
Status: Offline
Points: 329074
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Posted: Jan 03 2013 at 1:18pm |
Bunnyahh wrote:
yeah, in the relationship section, she said that she was still going to school, even with the baby.
Let dreamz tell it, she's just a dumb teen mom drop out with nothing going for her leeching off her parents.
that is not the case |
Who's paying for school though?
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ms_wonderland
Elite Member
Joined: Apr 05 2009
Location: TTT
Status: Offline
Points: 310272
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Posted: Jan 03 2013 at 1:19pm |
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mom is probably paying for school b/c isn't there an issue getting financial aid if you're under like 23 and your parents make a decent living? especially with your parent still claiming you.
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freedom76
Elite Member
Joined: Apr 23 2009
Status: Offline
Points: 45900
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Posted: Jan 03 2013 at 1:21pm |
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Having a college fund for your child doesn't mean you owe them the money. It could be a savings account for the parents. Ultimately the money belongs to the Parent(s). In this case the mother didn't choose to give the money to the daughter @18, and withdrew it first. That was her right.
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ThoughtCouture
Elite Member
Joined: Jun 08 2006
Location: southside holla
Status: Offline
Points: 249494
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Posted: Jan 03 2013 at 1:23pm |
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as long as the mom is willing to pay the tax bill i don't think the op is concernced. i'm sure she was just freaked out with the irs notice. i think most people would be...
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ThoughtCouture
Elite Member
Joined: Jun 08 2006
Location: southside holla
Status: Offline
Points: 249494
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Posted: Jan 03 2013 at 1:26pm |
freedom76 wrote:
Having a college fund for your child doesn't mean you owe them the money. It could be a savings account for the parents. Ultimately the money belongs to the Parent(s). In this case the mother didn't choose to give the money to the daughter @18, and withdrew it first. That was her right. |
true. her only responsibility is to pay the tax bill associated with the gain. and actually the mom is still getting a deal because i am sure moms tax % (braket) is much higher than the op's.
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Bunnyahh
Guest Group
Joined: Aug 14 2009
Location: ♥ Cloud 9 ♥
Status: Offline
Points: 162121
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Posted: Jan 03 2013 at 1:26pm |
Sang Froid wrote:
Bunnyahh wrote:
yeah, in the relationship section, she said that she was still going to school, even with the baby.
Let dreamz tell it, she's just a dumb teen mom drop out with nothing going for her leeching off her parents.
that is not the case |
Who's paying for school though? |
idk, she didn't say if it was parents, financial aide, scholarships, loans or grants
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Ds2nice
Elite Member
Joined: Apr 04 2006
Location: United States
Status: Offline
Points: 38607
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Posted: Jan 03 2013 at 1:52pm |
I'm a tax accountant...if you need help, pm me. I didn't read all of the pages because I'm too lazy. But try getting the cost basis of the stock sold....at least the date acquired and you can work backwards if need be. This is normal and no need tor panic unless you had ignored the IRS for a lengthy period of time.
HTH.
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dreamz
Elite Member
Joined: Nov 03 2009
Location: in your bidness
Status: Offline
Points: 40096
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Posted: Jan 03 2013 at 3:46pm |
Sang Froid wrote:
How does the OP know what the money was spent on?If the mother is payin' bills and buying food then.... |
 seems like common sense has flown the bhm coop.
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