Q. What form must be used so that the husband pays all Capital Gains each year? How do I report on my return?
A. On your form 8949, you report code N ("nominee") in column (f) and claim an adjustment in column (g) for the capital gain amount, resulting in 0 capital gain being reported on your tax return. He reports the gain on his form 8949.
I assume he gave you stock, which you plan to sell, resulting in a capital gain, for which you will receive a form 1099-B. I also assume he has agreed to pay the tax on the capital gain.
