I don't understand. AmyC seems to be saying that in a community property state, the division is any way you want???
This contradicts DMarkM1 where he wrote that the joint interest on the 1099-INT can be divided any way we want in an equitable distribution state (CT.). My name only appears on the 1099INT as the primary even though it's a joint bank account. It's my understanding that the bank only puts the primary on the statement of a joint account.
We are not in a community property state where it's my understanding the division would be 50-50 on the interest income, not any way you want.
This brings me to the 1099B. Our 1099 dividends and capital gains are shown jointly owned on our 1099-B statement. Like the joint 1099-IINT, can these gains be divided any way we want in Connecticut, an equitable distribution state?
Lastly, can a joint Capital Carryover Loss be divided any way we want in an equitable distribution state?
Please clarify. Thank you.
