Are You Subject to Community Property Rules

Are You Subject to Community Property Rules

How Community Property Rules Affect Your Federal Tax Return Spouses will need to compute their income and deductions using the rules for jointly held property. Nine states have community-property laws, which govern how married couples share their asset and income. These states include Arizona, California Idaho, Louisiana Nevada, New Mexico Texas, Washington and Wisconsin. Alaskan, Tennessee and South Dakota residents can opt in to community […]

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