topic Dividing 1099-B Earnings in Investing

Dividing 1099-B Earnings

meetma — Fri, 26 Feb 2021 00:09:52 GMT

How you divide 1009B earnings with spouse like you can on a 1099-INT. Turbo taxes is apply all the income to me so I can not qualify for an IRA deduction. The 1099-B earnings are from a joint brokerage account.

Re: Dividing 1099-B Earnings

ColeenD3 — Wed, 03 Mar 2021 17:32:56 GMT

If the 1099-b is issued to you SSN, then you will need to report the proceeds as on 1099-B You can then adjust the basis to show half of your gain/loss. Your spouse can report half of the amounts shown on Form 1099-B.