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New Member
posted Mar 14, 2025 3:17:54 PM

Married couples who filed joint federal returns but I have a brokerage account only in my name. Can I allocate the capital gains 50 50 for taxes?

I'm in Maryland and this is for Maryland taxes.

0 5 2524
5 Replies
Expert Alumni
Mar 14, 2025 3:22:30 PM

To clarify, since you files a joint federal return, are you also filing a joint Maryland State return? 

New Member
Mar 14, 2025 3:31:12 PM

Yes federal and state

Expert Alumni
Mar 14, 2025 4:07:50 PM

Thank you.

Since the account is in your name only, you would not be able to allocate 50/50.

New Member
Mar 14, 2025 4:14:03 PM

I figured, taxes don't follow family law.  It's half hers legally. Next step put it in her name for next year. Thanks 

New Member
Mar 14, 2025 4:39:09 PM

I made a mistake in entering different buy dates. It didn't matter. Whew! Thanks for your help.