Solved: If my wife and I are filing separate state returns (MFS) how should I report the sale of our primary residence (capital gain) and vacation house (capital loss)? Split even between the two states?
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If my wife and I are filing separate state returns (MFS) how should I report the sale of our primary residence (capital gain) and vacation house (capital loss)? Split even between the two states?

 
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If my wife and I are filing separate state returns (MFS) how should I report the sale of our primary residence (capital gain) and vacation house (capital loss)? Split even between the two states?

If you are in a community property state, that is the way you are required to allocate.  If you are not in a community property state you can allocate any way you please if it is joint property.  If it is not joint property you should allocated according to who owns.

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If my wife and I are filing separate state returns (MFS) how should I report the sale of our primary residence (capital gain) and vacation house (capital loss)? Split even between the two states?

If you are in a community property state, that is the way you are required to allocate.  If you are not in a community property state you can allocate any way you please if it is joint property.  If it is not joint property you should allocated according to who owns.

View solution in original post

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