Thank you again for confirming. I played a bit more ... if I get taxable income up to exactly $500,000, the credit is $1,134. If I make it $500,001, the credit is $0. This makes no sense to me, but I'm not complaining :-). Clearly, married filing separately is very advantageous if you live in NYC and combined taxable income is >$500K and both incomes are under $500K. (As an FYI ... the difference in federal was negligible, but MFS was a little less).
I have one open question remaining and that is how to record dividends from a joint account. I got an answer but wasn't quite positive what it said so I sent a followup.
It's this one if you're up to one more question. :-). I am not sure if these questions get assigned so no problem if you can't answer it. Again, thank you so much!
https://ttlc.intuit.com/community/taxes/discussion/re-question-s-on-married-filing-separately/01/202...
Brian
