Does it matter whether I or my spouse report capital gains/losses since all investments are held jointly?

Answer

Each partner must report their own percentage, please see link below for further details

  • How do I split capital gains between me and my spouse's tax return?

    TurboTax does not automatically split capital gains between spousal returns.

    Each spouse must separately report the appropriate percentage on their own return.

    Example: If you and your spouse purchased and sold 100 shares of stock and you paid 1/4 of the total purchase amount, you would enter information for 25 of the shares and 25% of the expenses on your return. Your spouse would enter the rest on his or her return.


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