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Old 04-10-2015, 10:44 AM
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Unmarried couple and capital gains

My partner and I share all bank accounts and all investments. Our names are both on all the accounts. When reporting dividends and capital gains from stock sales, can we split up the dividends and capital gains in any way we see fit (0/100; 30/70, etc., as we do with mortgage interest), or does it have to be 50/50?

Thanks.



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Old 04-10-2015, 04:14 PM
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you can split up the dividends and capital gains in any way you see fit. In most cases, distributions are based on how much equity each of you has in the biz, or when the biz was first started. However, if you and your partners want to divide earnings in some other way, you can. Many small partnerships don't like to use fixed distribution percentages, carved in stone, because equity shares can change over the life of the partnership depending on individual contributions and withdrawals.



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Old 04-10-2015, 08:28 PM
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Originally Posted by Wnhough View Post
you can split up the dividends and capital gains in any way you see fit. In most cases, distributions are based on how much equity each of you has in the biz, or when the biz was first started. However, if you and your partners want to divide earnings in some other way, you can. Many small partnerships don't like to use fixed distribution percentages, carved in stone, because equity shares can change over the life of the partnership depending on individual contributions and withdrawals.

Thanks for the reply. But just to be clear, when I wrote "partner," I meant "life partner," and not a business partner. My heading was "Unmarried couples," but I should have been more clear, sorry. Does your advice apply to domestic/personal situations, as well?



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