pk
Level 15
Level 15

Investors & landlords

@cfisher-sifadis , while it is not unusual to divide the income/gains/losses  equally between the joint owners if they file MFS, it could create an issue if the tax information documents like 1099-B etc. are issued in both names but ONLE ONE SSN is used.  Because the IRS  income match program ( AURS) will  see a mismatch and therefore issue a CP-2000.  All you have to do is respond to the  notice and explain that the income was recognized  50% by each MFS filer-- included copies of the relevant supporting documents.  That should settle the issue.

 

Is there more I can do for you ?