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MFS handling community property qualified dividends amount

I can't figure out how to make a community property adjustment for qualified dividends.

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2 Replies
MayaD
Expert Alumni

MFS handling community property qualified dividends amount

Generally, the laws of the state in which you are domiciled govern whether you have community property and community income or separate property and separate income for federal tax purposes. 

Dividends from community property are community income and must be evenly split. 

Publication 555 (03/2020), Community Property

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MFS handling community property qualified dividends amount

Qualified dividends, if any, are part of the total dividends and are only used in the actual tax calculation. TT's use of the adjustment for community property income doesn't really account for qualified dividends.

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