AmyC
Expert Alumni

Get your taxes done using TurboTax

1. You are not in a community property state. In other states, not community property, gains on assets that are jointly held can be allocated any way you like. 

 

2. Gains  and losses on assets held in one name only must be reported on the owner's tax return. If it is joint, distribute as you choose.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"