Married filing separately vs. married filing jointly
I am married and have prepared joint tax return. However, I want ot be sure this is best option. I make more than $100K and wife makes $15K and am wondering whether filing separately may be better. Most of our taxable investment accounts are joint. Is it legally permissible to report 100% of the investment income on my wife's tax return, while taking 100% of the deductions in my tax return?"