I retired from freelance work this year and have no income other than about $2700 from an early 2022 project. But I'll have about $30K in capital gains for 2022 on accounts I hold solely in my name.
My spouse has a six figure income.
Can I file separately to reduce my capital gains tax?
And given a similar income situation for 2023, could I do a ROTH conversion next year while filing separately, to reduce my capital gains tax?
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Almost always filing jointly is a better choice. Do it both ways before you decide to file separately.
Is "doing it both ways" easily done in Turbo Tax?
Meaning, will all the data I've entered translate back and forth as I click Married Filing Jointly or Separately?
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