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April 8, 2021
Question

My spouse and I are filing separately- do I need to file his dividend income on my return?

  • April 8, 2021
  • 2 replies
  • 0 views
The dividend income is less than $1,500.

2 replies

Employee
April 8, 2021

Are you in a Community Property State, and why are you filing separately?  It almost always costs you more in taxes.

RayW7
April 8, 2021

I agree with @SweetieJean, There are reasons to file separately but generally Married Filing Joint is the best option.

 

Joint held assets can present a problem when Married Filing Separately.

 

When you file jointly, you report all income from all assets. When you file separately, you must follow your state's definition of separate and community property.

 

-follow this link for additional information-

Five Tax Tips for Community Property States - TurboTax - Intuit