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Get your taxes done using TurboTax
Ok, so I start a new return for myself with a filing status of MFS and include my spouse's name and SSN. In the return, I enter all details as stated on my W-2, my 1099's, etc.
Then I complete the 8958 for the Community Property allocation and file the return with the 8958.
Let's say my tax return says I have a refund of $1,000. But I know that after the allocation of income/taxes withheld is completed by the IRS, I will likely owe $2,500.
Do I file and wait for the IRS to come back and tell me what the final figure is (refund or owe)?
‎April 12, 2024
2:32 PM