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I have co-owners of a brokerage account who are not married. Can I split dividend income one way and the capital gains differently?

Level 1

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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Level 15

If the co-owners split the income they need to split all income proportionately.


ex-AllStar

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Level 15

If the co-owners split the income they need to split all income proportionately.


ex-AllStar

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Level 8

Income shifting is illegal.

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Level 15

"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?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 15
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.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 15
You're gonna' have the IRS take out a contract on them?
Former Chump..umm... AllStar.
"the game of life is hard to play"

If a post answers your question, click on *Accept as solution* for future searches
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Level 15
I just might :smile::smile:
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 13

You asked Twice; don't overlook the answers at the original topic:

https://accountants-community.intuit.com/questions/1825195-for-a-joint-brokerage-account-with-an-unm...

Which I closed.


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