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Get your taxes done using TurboTax
When I add the Community Property adjustment amount, TurboTax does put that amount in line 8 of Form 1040 as you say. In my example, that is -$41,479. But then, TurboTax puts "Other income" for that amount in Section 12 of Form 8958 ("Other items such as: Social Security Benefits...") automatically, and I cannot delete it. Is this really the right way of doing it? The entire point of Form 8958 is to show IRS how we split our income between the two of us, so why would I put the community property adjustment amount as a line item?
‎February 21, 2021
7:14 PM