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    altcherg's Avatar
    altcherg Posts: 0, Reputation: 1
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    #1

    Jul 15, 2011, 12:05 AM
    Joint Brokerage Account with non-US citizen. How does taxation work?
    Hello,

    If I were to have a joint brokerage account with a non-US citizen, that I am not married to, that lives outside of the US--- then how would capital gain tax work? I am the primary account holder. Would I have to pay capital gains tax in his place? Thank you!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 15, 2011, 08:40 AM
    If your SSN is on the account, then the IRS would consider the account to be YOUR account, and you would have to report the sales of the stocks on your tax return using Schedule D.
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