How to enter a JTWROS account in tax return
My friend and I have an investment account as JTWROS (joint tenant with rights of survivorship). We are not married and file separate tax returns (I'm single, she's married and files jointly with her husband).
In 2023 this account produced a bit of interest (reported in a 1099-INT), and a net short term capital loss (1099-B). My friend will claim all of that in her return, I don't intend to claim any of it.
My SSN appears in the form that the broker issued us. Do I still need to enter the 1099-INT and the 1099-B for this account into my tax return? If so, how do I ensure that the interest and the loss don't factor into my calculations, so she can claim all of them?
In case it helps, I'm using H&R Block Deluxe for Windows. I don't think she uses tax software, she gets her taxes done with a CPA. I tried H&R Block chat support to ask this question and they were useless... so hoping that this community can come up with some ideas!
Thanks for any ideas or suggestions!
FIRE'd in Nov 2021 at 55