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bbttuser
New Member

On jointly owned investments, can only one of the owner report the loss and carrying charges, if the other owner doesn't need them on his/her return to reduce tax?

 
1 Reply

On jointly owned investments, can only one of the owner report the loss and carrying charges, if the other owner doesn't need them on his/her return to reduce tax?

You are supposed to carry the carrying charges in proportion to the investment that you made, in other words, you would both have to split the charges.