Skip to main content
Level 1
April 18, 2021
Question

Nominee capital losses

  • April 18, 2021
  • 1 reply
  • 3 views

Have a joint account between non married individuals. How do I report nominee capital losses? Account held 50/50 between the two individuals. Thank you

This topic has been closed for replies.

1 reply

Accountant-Man
Level 13
April 18, 2021

I report 100% of the losses(or gains) to the person whose SSN is on the account, then back out half.

The other person's return gets half reported. 

** I'm still a champion... of the world! Even without The Lounge.