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

[erb81158]

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. 

[sjrcpa · Accepted solution]

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

[TaxMonkey]

Income shifting is illegal.

[IRonMaN]

"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?

[IRonMaN]

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.

[abctax55]

You're gonna' have the IRS take out a contract on them?

[IRonMaN]

I just might :smile:

[qbteachmt]

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.