For Possi

[Snaggletooth]

Was that a serious question of how to split K-1 for jointly owned stock?

The allocation, regardless of how the rest of their income shakes out, is made based on the weighted average number of shares owned by each spouse. If both spouses were jointly named upon issuance of the shares, you have a 50-50...

Used in this context "weighted average" means the number of shares for each day of ownership, for the 365 days in the year.

[Possi]

Yes it was

Yes it was, and thank you.

As it was, he had enough income to file a return but she did not. I just saw this note, and I already filed his return using 100% of the K1 with his SS# on his return. There was not a lot of income on the K1, but it was a very detailed report and took a long time to get through it.