topic Multiple brokerage accounts in Investors & landlords

Multiple brokerage accounts

Avi8or — Wed, 11 Feb 2026 04:08:54 GMT

I launched TurboTax and chose to import 1099-INT and 1099-DIV. When prompted by TurboTax I signed into my wife's account. The info was correctly imported EXCEPT.... TT attributed the income to ME instead of my WIFE!

Re: Multiple brokerage accounts

AmyC — Thu, 08 Feb 2024 00:01:53 GMT

You can edit the entries to switch them to your wife or joint, as needed.

Re: Multiple brokerage accounts

Avi8or — Sun, 11 Feb 2024 18:35:33 GMT

Yes, I can do that. I just thought TT would recognize whose account was being imported.

Re: Multiple brokerage accounts

Critter-3 — Mon, 12 Feb 2024 00:57:44 GMT

First it applies it to the primary taxpayer ( the one listed first) automatically and second unless you are filing an injured spouse form it is immaterial who they are listed under.

Re: Multiple brokerage account

Avi8or — Wed, 14 Feb 2024 23:51:31 GMT

I think it is material if it is an HSA or IRA account.

Re: Multiple brokerage account

BillM223 — Fri, 16 Feb 2024 02:45:44 GMT

In the case of an HSA and a traditional IRA, income from the current year is not reported on your tax return, no matter which spouse it is.

Contributions to both types of accounts ARE reported on the tax return, but earnings inside the HSA or traditional IRA are not considered contributions.

Think about it, where on the 1040 would you report earnings from an HSA as shown by a 1099-INT or 1099-DIV? The answer is "nowhere" which is why it doesn't matter in the cases you cite.

It is of import when you are dealing with a Married Filing Separate return either on federal or state, but as noted, this is easily corrected when the taxpayer reviews the return.