KarenJ2
Expert Alumni

Deductions & credits

 

The deductions section on form 8958 is listed on line 12.

 

Five Tax Tips for Community Property States

Married filing separately in community property states

IRS Publication Community Property

What is Form 8958?

 

 

Community property states usually require that your income be split 50-50.  Having said that, each state has nuances in their own laws that can make the calculations complicated.  

If you have a situation where all of our income is under community property law, then each of you will be claiming approximately 94,000 of income (1/2 of 188,000, which is your total income).  Your tax withholdings would also be split 50/50 between the two of you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"