I am interested in the last statement made here by DJS:
"In other states gains on assets that are jointly held can be allocated any way you like..."
I am in NC, and have reasons to want to file separately in the year that my wife and I will sell a second home (probably in 2021). I'd like to validate the statement we can allocate the gain "any way we like". If someone can provide an IRS reference, please share it. I've been searching and cannot locate anything to support (or dispute) this. Both of our names are on the property title. Ideally I'd like to allocate the gain something like 30% / 70% between the two returns.
