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February 6, 2025
Question

what am I supposedto enter in the community property portion?

  • February 6, 2025
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    February 6, 2025

    In TurboTax's community property section, you'll need to:

    1. Enter Income: Split wages, interest, dividends, and self-employment income 50/50 if earned during the marriage.
    2. Allocate Deductions: Allocate deductions like mortgage interest and credits appropriately.
    3. Report Separate Income: Report income from assets earned before the marriage or from inheritances as separate property.

    For more detailed guidance, you can refer to TurboTax's community property FAQ.