Hi, say A and B has a joint Charles Schwab stock account, each has 50% ownership.
Last year the total gain is $100 for the whole account.
After i imported tax doc from Charles Schwab into turbotax, seems A's 1099-B is still reporting $100 capital gain. So where to how adjust this amount to be $50 in turbotax please ?
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A not married to B, they are brothers,
but both have their own families.
so A and B files tax return for their own family.
the one whose SSN is listed should file it, and reach an agreement with the other to recover half of any tax consequences.
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