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Deductions & credits
When a married couple is filing joint and transfers assets from one spouse to the other, that is not a taxable or tax reportable event. At least, not on the federal taxes. There may be exceptions. But I'm not aware of any. As for state taxes,I don't know enough about state taxes among the 37-plus states that tax personal income to make any calls on that.
‎August 11, 2021
7:53 AM