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Subject:  Joint Stock Owners Date:  5/12/1999  1:04 PM
Author:  no2cat Number:  15439 of 127747

If a stock is held in 2 names as joint owners with right of survivorship (the owners are not related), do both owners have to pay taxes on the gains or can one owner pay all taxes and/or claim all losses. I assume the company sends the IRS a form showing both owners' SSN? Short of transferring the registration of the stock so that there is only 1 owner, how do I pay all taxes and keep the other owner from getting in trouble with the Feds?

Thanks for any referral to IRS pubs or other printed materials.
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