My wife and I always filed separately. I am self employed and have lower tax rate than her. I, alone, always reported all our joint investment accounts' gains and losses. I accumulated about $360K paper loss. We recently sold our jointly owned home.
Can I, alone, report the home sale as married filing separately, and claim $500K exemption instead of $250K?
If yes, can TurboTax do this or do I need an accountant?
Thank you very much!