- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
taxes after divorce - questions about splitting prior year state refund, capital loss carryforward, and asset depreciation
Hi TurboTax community, been using the product for 13 years and unfortunately this year I am dealing with a whole can of worms due to a divorce in 2022. We filed as married joint for 2021 tax year, and now are filing as single in 2022 tax year. Here are my questions
1. In the Wages and Income Section, 2021's State tax refund is carried over from the 2021 returns. However that is the full figure from joint filing. Do we just split the figure in 1/2 for this year's filing?
2. In the Wages and Income Section, Capital Loss Carryover is requested from 2021. That is on a jointly owned investment account that we continue to jointly own for 2022. Do we just split the carryover amount in 1/2?
3. In the Wages and Income Section, Rental property section, there is data requested from 2021 for Assets/Depreciation. We have agreed to a 50/50 split in the rental income property and continue to jointly own it for 2022. Do we once again split the Total original Cost and prior depreciation figures in 1/2 to order to carry the right figures forward?
Thank you