@Carl wrote:
One thing I want to point out about all the responses on this thread, is that the responders are referring to divorce. The original post says nothing about divorce. Only separation. That makes things much more complex and it matters in what tax year the actual divorce (if any) is finalized.
Good point. And California is a community property state (although the marital "community" may end on separation) so you really will need to consult an expert for your tax returns until you actually divorce. My long answer above assumed you would sell the properties after being divorced, if you sell while still married, that could add complications that I'm not smart enough to predict.
