If someone has a joint account with someone other than a spouse, who is responsible for reporting dividends or interest when filing taxes? Is it split in half? Does it matter whose name is first on the account? Also, do dividends have to be reported if they are all automatically reinvested? Thanks!
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The person whose ss# is on the account can report them.
And yes, you report dividends even if they are reinvested. Keep track of them though – when you sell the stock the amount you’ve already paid tax on is part of your basis.