What is Community Property Interest?

p-j-esquivel95-g · ‎March 30, 2024

zomboo · ‎March 31, 2024

Community Property is property acquired while married and means each spouse has equal ownership interest.

MarilynG1 · ‎March 31, 2024

Filing taxes in community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin) as Married Filing Separately (MFS) can be complicated.

Certain states have laws about community property defining how they expect MFS couples to share, or allocate, income.

TurboTax has allocation screens and a worksheet to assist you in entering any adjustments your community property state may require when filing separately.

For more information, refer to IRS Publication 555 Community Property.

Here's more info on Filing Separately in Community Property States.

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