this year we'd like to file MFS to take advantage of my medical expenses for surgeries in the year.
You'll split the rental 50/50 on everything right down the middle. If using TurboTax, this *will* create an issue for both of you on your 2021 tax return, as well as 2022 when you go back to filing a joint return. These issues are way beyond the program's ability to deal with too.
- Be aware that when a married couple files jointly, you both automatically lose a number of deductions and credits you would otherwise qualify for if you filed joint.
- Your allowed SALT deductions are automatically cut in half for each of you.
- If one of you itemizes, then both of you must itemize even if the itemized deductions would be zero for one of you and the standard deduction would be higher. Likewise, if one of you takes the standard deduction, then you must both take the standard deduction even if the itemized expenses would be higher for one of you.
While not impossible, it is not common for it to be more beneficial for a married couple to file separate.
