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J
JaneKim99
February 25, 2025
Question

I shared an investment/brokerage account with my boyfriend. We each own 50% of this account. How should I report my share of the gain and losses on Form 1099-B?

  • February 25, 2025
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    SabrinaD2
    February 25, 2025

    When you share an investment/brokerage account and each own 50%, you should report your share of the gains and losses on Form 1099-B as follows:

    1. Report 50% of the gains and losses shown on the Form 1099-B issued by the brokerage.
    2. On your your tax return, adjust the amounts reported on the Form 1099-B to reflect only your 50% share.

    For more detailed information, you can refer to these resources:

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