PeterAndrew
Junior Member
California
My domestic partner and I own some stocks together, and whenever we have a gain or loss, we apportion it equally between the two of us on our tax returns (schedule D). I've been told that the one whose tax ID is used for IRS reporting should file a 1099-B for the half of the gain/loss that is being claimed by the other, but whenever I look at the form or its instructions, it seems designed solely for professional brokers. Moreover, it would be cumbersome, if there are a number of sales, to fill one of these out for each sale. Is it sufficient to attach a note with our tax returns explaining the way the gain or loss is apportioned?
My domestic partner and I own some stocks together, and whenever we have a gain or loss, we apportion it equally between the two of us on our tax returns (schedule D). I've been told that the one whose tax ID is used for IRS reporting should file a 1099-B for the half of the gain/loss that is being claimed by the other, but whenever I look at the form or its instructions, it seems designed solely for professional brokers. Moreover, it would be cumbersome, if there are a number of sales, to fill one of these out for each sale. Is it sufficient to attach a note with our tax returns explaining the way the gain or loss is apportioned?