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Married Filing Separately, do I have to split joint investment account income?
I am trying to minimize my tax burden. One of us had no income, the other did. Is it legal to just report the investment income on the return for the one with no other income? I don't actually know if this will result in a lower tax burden yet - but, if we are forced to split the income between us then I will save the effort of figuring this out both ways. Our state is NOT a community property state.
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‎February 26, 2025
10:24 AM