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Reporting capital gains on a joint investment account

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?

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2 Replies

Reporting capital gains on a joint investment account

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

Reporting capital gains on a joint investment account

Thank you for your quick response.

 

In Quickbooks, how do I split the gain/loss?

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