I would like to confirm if I'm doing this correct.
We add the our W2s only to the person whom it belongs to. THEN we do the manual community property split on this income where one of us adjusts down and the other adjusts up to the even split amount on each return.
For rental property income we both enter full income+expenses but just specify we have 50% ownership on each return.
For bank account interest and last year's taxable state tax return we are simply manually splitting these incomes when entering it on each return.
For a HSA account thats only in my name I am NOT splitting this and reporting all of the contributions+distributions on my return only.
You'll need to sign in or create an account to connect with an expert.
Yes, you are proceeding correctly. If you get stuck anywhere and want to quickly read through some info to verify, please visit the two FAQs below:
https://ttlc.intuit.com/replies/6220138
https://ttlc.intuit.com/replies/3301943
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
chunhuach
Level 1
shiph2016
New Member
sunshineval
New Member
jpma416148
New Member
rcmrhahn
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.