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Dividing 1099-B Earnings

How you divide 1009B earnings with spouse like you can on a 1099-INT.  Turbo taxes is apply all the income to me so I can not qualify for an IRA deduction.  The 1099-B earnings are from a joint brokerage account.

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1 Reply
ColeenD3
Expert Alumni

Dividing 1099-B Earnings

If the 1099-b is issued to you SSN, then you will need to report the proceeds as on 1099-B You can then adjust the  basis to show half of your gain/loss. Your spouse can report half of the amounts shown on Form 1099-B.

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