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cost base over two account, one joint
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| cal10sman |
posted on: January 10, 2009 at 12:18 am
My wife has an investment account (her earned money pre-marriage), and we also have a joint investment account. The same mutual fund is owned in my wife's account, and the joint account, purchased at two different prices (the cost base is different for each account). The mutual fund was just sold in the joint account. Here are my questions:
1) Is it allowable to have the income and gains in the joint account be split 50/50, and income/gains in my wife's own account attributed solely to her.
2) Would the cost base of the fund for my wife be the cost in her account plus 50% of the cost base in the joint account? For me, would it simply be 50% of the cost in the joint account?
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