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We are married. I live in Florida and she lives in Virginia and have both personal and joint assets. How to file Federal and respective state returns?
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We are married. I live in Florida and she lives in Virginia and have both personal and joint assets. How to file Federal and respective state returns?
Try the link below. I hope it's of some utility.
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We are married. I live in Florida and she lives in Virginia and have both personal and joint assets. How to file Federal and respective state returns?
Virginia's filing rules are a bit complicated when one spouse is a VA resident and the other is not. See Filing Status on page 9 of the VA tax instruction booklet:
https://www.tax.virginia.gov/sites/default/files/vatax-pdf/2022-760-instructions.pdf
Florida, of course, has no personal income tax.
For most married couples, filing a joint federal return is best.
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We are married. I live in Florida and she lives in Virginia and have both personal and joint assets. How to file Federal and respective state returns?
As noted by @TomD8, the rules get cumbersome with facts such as yours.
The rules are explained in the instructions to both the form 760 and 763.
In reading those rules, there are too many unanswered questions for someone on this forum to provide an accurate response.
You will need to review the rules and determine your options and then run the numbers to determine which filing method is best based on your specific facts.
Consulting with a VA tax professional may be in order to provide some direction / advice.
Also keep in mind the date of replies, as tax law changes.
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