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inglisj74vtt
New Member

My wife and I are filing jointly. When I enter a Form 1099-B, it doesn't ask whether the Form is for me or my wife. Isn't that important to identify?

 
2 Replies
macuser_22
Level 15

My wife and I are filing jointly. When I enter a Form 1099-B, it doesn't ask whether the Form is for me or my wife. Isn't that important to identify?

No.  On a joint return it is joint income.     Only W-2's and 1099-R's ask that because Social Security/Medicare has individual limits and retirement income is per person.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
fanfare
Level 15

My wife and I are filing jointly. When I enter a Form 1099-B, it doesn't ask whether the Form is for me or my wife. Isn't that important to identify?

any carryover losses on Schedule D  will go  with the spouse who owns the account.

It's up to you to keep records about that.

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