Quote:
Originally Posted by Slava
then she gets the gains. Good news for you by the sounds of it!
EDIT: I should add that I'm not an accountant, but an investment advisor....just so you know!
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Nope.
It's determined by who contributed the funds. If the money was 50-50 then the gains can be split. If the money is the higher-income spouse's, that person must claim the gains. If you think about it, would it make sense that someone in a high tax bracket could just give money to a spouse in a low bracket to avoid taxes, well it makes no sense.