Primary holder of a joint account, stocks were sold but under secondary owner, how to report the proceeds under secondary owner?

tax123 — Sat, 01 Jun 2019 15:26:44 GMT

I had a joint account with a relative. We had a joint account and he had his own login, I was the primary holder of the account. My relative logged in sold shares. When the tax forms were sent out, me, the primary holder, i have to pay the capital gains on that sale. Is it possible for the secondary account holder to report on the capital gains and not me?

Can I add the 1099 brokerage form to their income on Turbotax and remove it from my investment income for 2018?

It's not that simple. See the answer to a similar questi...

DDollar — Sat, 01 Jun 2019 15:26:45 GMT

It's not that simple. See the answer to a similar question answered previously by one of our SuperUsers:

https://ttlc.intuit.com/replies/5123526

topic Primary holder of a joint account, stocks were sold but under secondary owner, how to report the proceeds under secondary owner? in Investors & landlords

Primary holder of a joint account, stocks were sold but under secondary owner, how to report the proceeds under secondary owner?

It's not that simple. See the answer to a similar questi...