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.

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