My brother and I have a joint investment account. I believe the taxing will be going against my SS number.
How do I go about splitting any gains or losses with my brother that is acceptable to the IRS?
You'll need to sign in or create an account to connect with an expert.
You will report that you received his share as a nominee.
See https://www.irs.gov/instructions/i8949
See also https://www.irs.gov/instructions/i1099gi#en_US_2022_publink1000286907
Thank you for your quick response.
In Quickbooks, how do I split the gain/loss?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lepierce2
New Member
user17731745298
New Member
bob_nadon
New Member
remohoson
New Member
remohoson
New Member