272974
Georgia state tax return is asking this question for capital gains and state refund for 2018.
You'll need to sign in or create an account to connect with an expert.
According to the GA Form 500 instructions, income from property that is jointly owned should be allocated to each taxpayer at 50% of the total value. The remainder should be allocated according to the owner of the income.
My wife and I are both over 65. Georgia has a income exclusion for retirement income of $65,000 per individual. I am still working and have significant earned income. My wife does not. We have income from jointly owned investment accounts. How does Turbotax allocate the interest and dividends between spouses ?I cannot figure out what Turbotax is doing.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
InTheRuff
Returning Member
ribatelfath
New Member
Mike1127
Level 3
cfreeman244
New Member
dhburton
New Member