- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I'm married but filing separately and looking to split my interest income with my spouse 50/50. I'm looking for advice on how to do this?
Hi, I'm in California (community property state) and am married filing separately. I'm looking to split my interest income, dividends, and mortgage/tax deductions. My question is around how I should report these in Turbo Tax. I've not found a place where it walks me through. For example, for interest income, do I just manually adjust and enter 50% on my interest income line and 50% on our spouses? Or do I enter 100% and select "I need to adjust the taxable amount." on the next screen. And if I do, what do I choose as the reason for the adjustment on the next screen? I've also been seeing some other form (8958?) that I will also need to fill out to show the adjustment. When do I fill this form out? Thanks for the help.
March 23, 2023
8:40 AM