wow! OK . .JAFO: Thanks - I see where Ira took the 'shortcut' he refers to. Clear as mud!! (tee hee! got it) Thanks!!!Ira: yes, I was mixing info from dual posts w/o realizing. "You have, because of the misinformation you were given." (I don't know how you italicize this like a quote) . . . LOL!!! I love bluntness!! I'm crackin' up here!! ;-)))))))))OK - let's see if I can muddle this one more time! (ya' know - on many other topics I'm a somewhat intelligent person! This just befuddles me for some reason). So Sis is going to open a new separate acct; she will take 1/2 of the then current value of the joint acct - in whatever stocks - doesn't matter. And 1/2 of the accumulated dividends, and 1/2 of initial remaining uninvested cash. So if tomorrow the acct was worth $40k - she would take 1/2 dividends and 1/2 remaining initial cash, and then stocks, all totaling $20k. Since my half is now worth more than $14k, I'll gift her $14k this year; and the remainder next year. And when my sister ever gets around to selling any of those stocks (which I would actually do for her cuz' she has no idea what I'm doing!) then I'll be back on these boards, or someplace trying to figure out the gains/losses etc. Now that I've gone through all this . . . would it just be easier to leave the acct alone and we could deal with all of this some time in the future depending on who needs what and who outlives who! We'll name each other as beneficiaries TOD; and simplify things? The money is for our retirements - neither of us needs it now.I had no idea this would be so complicated! All 'cuz I wanted the cash to earn $$ and not just sit doing nothing. that'll teach me! Btw: (shhhhh!) I've just been claiming the dividends on my taxes cuz' they just haven't been that much - maybe a couple hundred a year, and it's only been 3 years and . . . it was easier! Don't tell Big Brother! Thanks again!! Really appreciate your timeKelly
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