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Get your taxes done using TurboTax
@chubbycheeky I'm no lawyer but I'm questioning the validity of the statement "even though the gift is from a community property account, it is treated as individual property if only one spouse signed the check"
My understanding is that the signature(s) on the check don't matter: community property can only become separate property with legal consent of the other spouse. The absence of the other spouse's signature on the check would not constitute such consent, so the funds would be considered community property even if only one spouse signs the check. Again, I'm not a lawyer so I may be misunderstanding this. Would be interested in seeing any supporting info.
‎January 15, 2021
11:07 AM