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djmerke
New Member

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.
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5 Replies
KrisD15
Employee Tax Expert

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?

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

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djmerke
New Member

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?

Yes federal and state

KrisD15
Employee Tax Expert

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?

Thank you.

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

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djmerke
New Member

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

djmerke
New Member

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

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