sjrcpa
Level 15
08-23-2024
05:16 PM
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You respond to IRS with the same explanation you gave us:
"The brokerage 1099-B was for a joint account. However, he and his wife divorced during the year. So I reported half of the dividends, interest, and capital gains on each 1040 return. Same with K-1s from a limited partnership. I clearly marked (50%) on the Schedule B on each tax return. "
I'd add the exwife's name and SSN in the explanation.
The more I know the more I don’t know.