Taxes-by-Rocky
Level 7
01-04-2025
03:42 PM
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Good question! Or, could it also reduce (bifurcate) the ownership interest? Federal law verses state law over property rights?
Don't know answer but link below discusses 'substantial control' which may have an impact (i.e., when the non-owner spouse has ownership/control rights?). You might look for articles by law firms in those states to see what they considered.