topic Joint Accounts in Get your taxes done using TurboTax

Joint Accounts

jlzmann — Mon, 09 Mar 2026 04:51:53 GMT

I have a joint account with siblings. I see in Turbo Tax how to split the ordinary dividends and qualified dividends by using the Nominee feature and putting in an adjustment, however, I do not see a way of handling the joint account for capital gains. The full gain/loss calculated from the joint account versus just my portion carried over on to my 1040. Other than manually going into the form and correcting, is there another way to designate capital gains adjusted for a joint account?

Re: Joint Accounts

ErnieS0 — Sun, 27 Feb 2022 04:10:34 GMT

You can make nominee adjustments in TurboTax CD/Download.

After entering your transactions, you will see Select any less common adjustments that apply.
Select Some (or all) of the proceeds from this sale do not belong to me.
Enter the Adjustment to gain or loss (leave blank if this belongs entirely to someone else)

To move from online to desktop: How do I switch from TurboTax Online to TurboTax CD/Download?