Hi,
I need a little bit of guidance since this is the first time we got into this situation, if anyone has any knowledge about the situation please feel free to write your comment.
My wife and i usually file jointly, but this year we might have to file separately mainly because of 1095(health insurance), when we signed up a year ago we estimated our income, well we ended up making a lot more then estimated so if we file jointly we'd have to pay full advanced tax premium credit back, but if we file separately there are caps on how much you need to pay back, we'd make significant tax savings.
My question is, when reporting our income, can i report all of income on myself(w2, capital gains from investments, interest payments), and wife to only add her w2 and not include any capital gains or interest payments?(we are in North Carolina, so we're not in community state) , asking because turbotax keeps asking my wife if i had interest payments and if i sold investments even though we're trying to file separately...
Any guidance will help, thanks
