Also--Do we have to split all our income (we live in a community property state)--or can we just put his income under his 8958 column on his return, and my income in my 8958 column on my return? Again, thanks so much!
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If you live in a community property state, you are required to split 50-50 all items that fall under the definition of community property in your state. This can be complicated because even the different community property states define community property differently. The community property worksheets in TurboTax will assist you with this.
Going specifically to your questions:
This FAQ can give you additional assistance: https://ttlc.intuit.com/replies/3301943
If you live in a community property state, you are required to split 50-50 all items that fall under the definition of community property in your state. This can be complicated because even the different community property states define community property differently. The community property worksheets in TurboTax will assist you with this.
Going specifically to your questions:
This FAQ can give you additional assistance: https://ttlc.intuit.com/replies/3301943
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