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@dbooksta wrote:

....How can taxpayer B file his 1040 claiming the capital gains listed on the 1099 while at the same time ensuring taxpayer A is not assessed taxes from the 1099?


Taxpayer A would report the transactions (gains) on Taxpayer A's tax return as nominee for Taxpayer B. Technically, that is done via reporting on Form 8949 with an "N" code in column (f).

 

See https://www.irs.gov/instructions/i8949#idm140173077083808

 

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