We exceed the 250K/person max, so we need to report the income.
You'll need to sign in or create an account to connect with an expert.
You will just split it. You will enter all the information on each of your returns such as payer info and then only include half of the income expenses reported on the forms on each return.
When you are married filing separate returns, your returns will still include the other spouses' Name and SSN so they are still linked in a way.
You will just split it. You will enter all the information on each of your returns such as payer info and then only include half of the income expenses reported on the forms on each return.
When you are married filing separate returns, your returns will still include the other spouses' Name and SSN so they are still linked in a way.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
NeUnhappy
New Member
Cat_Sushi
Level 2
backwebstores
New Member
tmmccallie
New Member
queenkiki22
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.