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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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Nominee capital losses
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erb81158
Level 1
04-18-2021
06:14 PM
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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
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Accountant-Man
Level 13
04-18-2021
06:43 PM
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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.
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