How do i fill out the section for community property income? My husband and I filed separately and I am an independent contractor who has their own LLC . What do I do?
How do i fill out the section for community property income? My husband and I filed separately and I am an independent contractor who has their own LLC . What do I do?
You must take all income and deductions and add them together. You will then enter the addition or subtraction amount so the two returns have the total income reported. Example:
Total $160,000 - one half= $80,000
Addition Subtraction
Mary $60,000 $20,000
Tom $100,000 $20,000
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