Mike9241:
1. Legally separated - yes.
2. Community property - yes (California law).
3. Portion of net proceeds from the home sale that each party receives is stipulated in the Court Order (Marital Separation Agreement).
The question at this point is whether TurboTax is flexible enough to ask right questions about home purchase price and proceeds for each spouse or a tax pro will be needed for 2025 taxes.
