Skip to main content
March 14, 2025
Question

Married couples who filed joint federal returns but I have a brokerage account only in my name. Can I allocate the capital gains 50 50 for taxes?

  • March 14, 2025
  • 1 reply
  • 0 views
I'm in Maryland and this is for Maryland taxes.

    1 reply

    KrisD15
    March 14, 2025

    To clarify, since you files a joint federal return, are you also filing a joint Maryland State return? 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    djmerkeAuthor
    March 14, 2025

    Yes federal and state

    KrisD15
    March 14, 2025

    Thank you.

    Since the account is in your name only, you would not be able to allocate 50/50.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"