Leo N
Returning Member

Deductions & credits

NCperson:

 

1. Legal separation is actually quite common. Here is the info re legal separation for California:

https://selfhelp.courts.ca.gov/divorce-california/legal-separation

2. You can only re-marry if you are legally divorced. You are still required to file as Single if you are legally separated.

My original question was about a legally separated couple (sorry about omitting the word "legal"):

- What to report (actual portion of net proceeds from the house sale that each party got minus adjusted base of the property divided by 2)?

- Where to report it (what form, etc.)?

- Should any proof be sent to IRS (Court Judgement/MSA, etc.)?

- Is TurboTax flexible enough to adjust for all these details (including only one spouse's name on the property title) or professional tax preparer should be used in 2025? (Looks like the latter at this point).