Investors & landlords

there is little written specifically about who pays capital gains taxes on the sale of joint ownership property (non-community property state). this is what IRS PUB 550 says Joint accounts. If two or more persons hold property (such as a savings account, bond, or stock) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest or dividends from the property is determined by local law.