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Investors & landlords
you may find the tax liability is higher filing separate; the lower income spouse will hit the 15% and 20% capital gains tax bracket much quicker. Also, you may find the value of the itemized deductions to be worth much less (both of you must either itemize or take standard deduction - you can't mix and match).
who owned the assets that were sold?
March 21, 2020
12:09 PM