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Sagot :
the brokerage firm will send the internal revenue service form 1099 to the person whose social security number was given on the account form
Two or more people can possess a joint brokerage account. According to Kevin Dugan, senior partner of Dublin, Ohio-based financial planning company Dugan Brown, "spouses, parents and children, or those with similar financial goals, such as business partners, most frequently use joint accounts."There are specifics to grasp under the broad notion of a joint brokerage account. Tim Gottfredson, a senior financial planner with EP Wealth Advisors in Salt Lake City and a licensed financial planner, says there are many sorts of joint registrations, each with its own specifics. When one owner of a joint tenants with rights of succession (JTWROS) account passes away, the remaining owner inherits the entirety of the account's assets.
To know more about joint margin account refer to https://brainly.com/question/28527691
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