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MS461
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Joint Capital Gains for Married Filing Separately State Return

I want to file federal taxes jointly with my spouse, but separately for the two states that we are each resident in.  Turbotax Desktop allows adjustments to our 1009-INT and 1099-DIV values as a Nominee for joint accounts, but I do not see a way to do that for stock sales reported on Form 1099-B for our joint brokerage account.  In Forms View, the 1099-B Worksheet shows the Owner of Account coded "J" for Joint, but the Capital Gains/Losses are not being divided in half for our state returns.  What do I have to do to show the correct 50-50 value for capital gains for the state returns?

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Joint Capital Gains for Married Filing Separately State Return

FYI - Here's some info on filing Joint for federal and separate for state.  Are you doing it this way?

 

See this article on how to file a joint federal return and file separate state returns…..
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-prepare-a-joint-federal-return-and-se...


You need to do 3 separate federal returns. One for Joint and 1 for each spouse to do the mock separate federal return to do the separate state returns.

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