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Level 1
December 7, 2019
Solved

Are there any drawbacks for a couple who has a Prenuptual agreement to file as MFJ? There is nothing in the prenup that restricts them filing jointly.

The husband and wife are California residents and the spouse with the assets wants to make sure that filing jointly does not lead to any asset attachment.

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sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

If they don't pay the taxes on the joint return it would lead to asset attachment. Otherwise, no it won't.

The more I know the more I don’t know.

4 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

If they don't pay the taxes on the joint return it would lead to asset attachment. Otherwise, no it won't.

The more I know the more I don’t know.
IRonMaN
Level 15
December 7, 2019

"and the spouse with the assets wants to make sure that filing jointly does not lead to any asset attachment"

Sounds like true love.  Did they get married on Valentines Day?

Slava Ukraini!
itonewbie
Level 15
December 7, 2019
That's what my wife says about prenup.
---------------------------------------------------------------------------------Still an AllStar
itonewbie
Level 15
December 7, 2019

Agree with Susan.

Also, CA recognizes not only prenup but also post-nup: https://www.ftb.ca.gov/individuals/faq/ivr/221.shtml

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