wtam wrote: also, *big* point: when he says where the income is sourced is not just a matter of "we did the transactions through my wife's account'. if you put money into her brokerage account, in her name alone, and made a huge gain, when push comes to shove if a CA auditor wants some of that all he has to do is show some of your CA sourced wage $ went into her account (say, via check). Tax authorities are very adept at looking past 'technicality' to get at the economic basis or spirit of the transaction.I write: Now THAT does answer my question.Bob78164 wrote No. But it may boil down to the not-so-mere technicality of the original source of the funds in the account. If that source was separate property, it gets one treatment. If it was community property, it gets another. --BobI write: And so does this.So here's my next question. Since it's very difficult to accurately identify the source, can I divide the capital gains in the same ratio as our incomes? Will that be reasonable? Or should I just go ahead and include all of the gains as my income in CA return (it will be safest way, but definitely will not save me anything that I may be entitled to)?
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