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Level 6
posted Feb 4, 2021 11:28:28 AM

How to file 1099B on Joint Account

I have a joint brokerage account with my fiancée. On the 1099B he is the only one listed under Account Owner and Recipients SS# 

Do we both have to file or does he since since the 1099B , has his name under Account holder with just his SS#?   We have had it for a few years and I have never filed the 1099B and have not had an issue with it but I want to make sure it's just not going unnoticed by the IRS and it'll come back and haunt us. He's always filed it with his taxes. 

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1 Best answer
Expert Alumni
Feb 4, 2021 1:10:38 PM

The IRS will be looking for the person whose name and Social Security number are on the 1099-B to file the tax return.  In this case it would be him.  There are ways to divert some of that to you, but it can be complicated.

1 Replies
Expert Alumni
Feb 4, 2021 1:10:38 PM

The IRS will be looking for the person whose name and Social Security number are on the 1099-B to file the tax return.  In this case it would be him.  There are ways to divert some of that to you, but it can be complicated.