Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I hate asking this on 4/15 but if I don't get this finished by Monday, I won't get paid for doing it.

Most of the income items are the same as 2009, but from the reading I've done, I don't think the California preparer divided it correctly last year. It appears that Wages and Schedule C income should be split as should deductions for community property but what about unemployment (on federal) and withdrawals from a 401K plan? Individual Retirement accounts are individual so it seems like the 401K withdrawal should be also, but we all know that logic doesn't have much to do with taxes.

For 2009, the preparer only split the W2 income between the spouses. If I follow that pattern it won't make much difference in the returns since their W2 income was within $200 of each other.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.