Filing separately on joint 1099INT and 1099DIV. Do I just divide the interest income evenly for the 1099INT and divide the ordinary dividends for the 1099DIV? What about the capital gains?

[sam436]

If you live in a state that allows you to divide however you agree with the other person(s), can you change the % allocation from year to year in order to lower the overall tax burden taxes for that year, or do you have to maintain the % split every year?

[DianeW777]

It depends on the state. Please clarify to add that information to your question and we may be able to help you.

@sam436 

[sam436]

It's New Hampshire, so it is not a state that requires community property.

[DianeW777]

There doesn't seem to be an exact answer for that on the New Hampshire (NH) page for the interest and dividends (I&D) tax. However the tax rate (3%), is the same overall no matter who claims the income. It doesn't change on either return no matter how you split the income unless you find that if you split it, file separately, and the income is then below the filing requirement. The instructions provide details for individuals and joint filers with no separate instructions for married filing separately.

• Instructions Form 2024 DP-10

Call the Department of Revenue Administration, Taxpayer Services at (603) 230-5920 for clarification.

This I&D tax is repealed after December 31st, 2024.

@sam436