JTWROS investment account - Spidell

JTWROS investment account

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Message Board JTWROS investment account

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    • #275631
      Anonymous
      Member

      Married couple but lived apart all of 2019. (Divorce is not yet final.)

      I am preparing her returns.

      His SSN is listed on the 1099.

      JTWROS is listed on the 1099.

      Is the income reported 50/50?

    • #275759
      Lynn Freer
      Participant

      If it’s community income it should be 50/50. However, it would also depend on whether one or the other took income out. It will be part of the divorce settlement

    • #276106
      Anonymous

      Thank you.

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