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ma-skis.com · 03-08-2011, 08:36 PM

Oh Great CP brain trust, I have a taxes question for you.

So for the first ever, we used money to make money and now we have to report capital gains for our taxes this year. My question here is that who reports the income on our investment?

If we split it 50/50 I get bumped into the next tax bracket and we pay more. If my wife can somehow claim it all, she still stays in her current tax bracket. Is it possible for my wife to claim all of the gains on the investment.

Hope what I am asking makes sense.

03-08-2011, 08:36 PM	#1
ma-skis.com Scoring Winger Join Date: Mar 2008 Location: calgary Exp:	Capital Gains and Your Spouse Oh Great CP brain trust, I have a taxes question for you. So for the first ever, we used money to make money and now we have to report capital gains for our taxes this year. My question here is that who reports the income on our investment? If we split it 50/50 I get bumped into the next tax bracket and we pay more. If my wife can somehow claim it all, she still stays in her current tax bracket. Is it possible for my wife to claim all of the gains on the investment. Hope what I am asking makes sense.