My wife and I are headed for divorce but for now, we are married and just recently split into separate households (in Aug 2022). We are on amicable terms and would probably be filing the return jointly (as married) for 2022 but starting from the year 2023 - when I expect the divorce be filed and finalized- we would be filing separately.
I am the primary on the joint return but my wife is the major AGI contributor and she is self-employed. I have a few questions based on the technicality of TurboTax(TT)
1. Because my wife is self-employed, when I change in marital status in TT from married to say "Single", will the TT preserve all her business parts (amortization of assets, etc) and allocate her business into a separate account or will it just drop her off from my TT account?
2. Because she was the major contributor to AGI, she also paid most of the taxes. We'd normally carry over the tax refund into the next year instead of cashing it out so I kind of wonder if TT would allow me to allocate how much of the tax refund that would carry over from 2022 into 2023 belong to me vs. to my wife's ?
Thank you 🙂
