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?

djmerke · ‎March 14, 2025

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

KrisD15

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

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djmerke

Yes federal and state

KrisD15

Thank you.

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

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djmerke

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

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

Do you have an Intuit account?