Business & farm

also, any income earned in the account would be a 50/50 split for income tax purposes.   If you don't want the 50% that is yours, you can gift your interest to her. Most likely the value would require filing a gift tax return. If this is done in the same year as the sale you would only file 1 gift tax return showing the gift of proceeds and the gift of your share of the assets in the account.