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Joint Capital Gains for Married Filing Separately State Return
I want to file federal taxes jointly with my spouse, but separately for the two states that we are each resident in. Turbotax Desktop allows adjustments to our 1009-INT and 1099-DIV values as a Nominee for joint accounts, but I do not see a way to do that for stock sales reported on Form 1099-B for our joint brokerage account. In Forms View, the 1099-B Worksheet shows the Owner of Account coded "J" for Joint, but the Capital Gains/Losses are not being divided in half for our state returns. What do I have to do to show the correct 50-50 value for capital gains for the state returns?
‎April 15, 2025
7:02 PM