erb81158
Level 1
12-07-2019
03:54 AM
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One co-owner only has social security income so capital gains will be no benefit to him, but it would be advantageous if the dividend income was allocated to him.
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sjrcpa
Level 15
12-07-2019
03:55 AM
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If the co-owners split the income they need to split all income proportionately.
Ex-AllStar
TaxMonkey
Level 8
12-07-2019
03:55 AM
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Income shifting is illegal.
IRonMaN
Level 15
12-07-2019
03:55 AM
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"One co-owner only has social security income so capital gains will be no benefit to him, but it would be advantageous if the dividend income was allocated to him"
Doesn't it just seem like the IRS wouldn't agree with that logic?
Slava Ukraini!
IRonMaN
Level 15
12-07-2019
03:55 AM
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Well, if you are thinking they might agree, why don't you post your name and address here and I'll have the IRS contract you directly.
Slava Ukraini!
Slava Ukraini!
abctax55
Level 15
12-07-2019
03:55 AM
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You're gonna' have the IRS take out a contract on them?
"*******Tax software is no substitute for a professional tax preparer*******
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IRonMaN
Level 15
12-07-2019
03:55 AM
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I just might :smile:
Slava Ukraini!
Slava Ukraini!
qbteachmt
Level 15
12-07-2019
03:55 AM
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You asked Twice; don't overlook the answers at the original topic:
Which I closed.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.