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Traders and Taxes?
Are there any traders out there that have a joint account with there spouse or significant others?
How do you file taxes if your not married ? separately?
As for your trades do you split them in half or what do you do ? If you don't have a joint account with someone I don't want to hear from you.
1 Answer
- A nobodyLv 71 decade agoFavorite Answer
I have both joint and single brokerage account with my wife and I file a joint tax return. Have been doing for years.
If you are not married you can not file a joint tax return with you significant other or partner.
If you have a joint brokerage account with someone, you will have to file a single in your tax filings, you can not file a joint tax return with you brokerage account partner
UNLESS the brokerage account is titled as a partnership or another legal entity then you would file a tax return for that partnership or legal entity.
For your peace of mind you could call the IRS and ask them directly BUT don't give them your name and/or tax number and get there name. Not that IRS gives out correct information but you may get a better feel for it.
Source(s): Industry experience
