Allocation of Community Property for MFS

Forum|Forum|6 years ago
January 28, 2020
11 replies
37 views

Once I have determined the allocation of community property, do I just change the income such as wages & tax withheld to the correct portion? These amounts will not be the same as the W2 & I would imagine an IRS notice would be generated.

ProSeries Professional

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Best answer by itonewbie

That's why you need to file F.8958 with the MFS return to show the allocation.

itonewbieAnswer

Level 15

That's why you need to file F.8958 with the MFS return to show the allocation.

---------------------------------------------------------------------------------Still an AllStar

S

ScottSandy

Level 3

Ok... I've filled out Form 8958, allocating the income & withholding pieces to each spouse on both their MFS returns, but it has no impact on the income/withholdings that show on the face of the 1040. Wages & taxes are showing as they were reported/entered on the W-2, NOT by how they're allocated on Form 8958.

Is there a toggle to activate Form 8958? Do I have to adjust the W-2's to correctly allocate the 50% to each spouse?

itonewbie

Level 15

That's a "dumb" but necessary form. Numbers there don't flow anywhere. You will need to manually split the return.

---------------------------------------------------------------------------------Still an AllStar

T

Terry53029

Intuit Community Champion

If you are using ProSeries

Note: Your entries on this form will have no impact on either the federal or state return.

If you need to make any adjustments to the actual tax return, you must do so before completing this form.

The initial calculation on this form pulls the amounts reported on the tax return and displays them in column B for the Taxpayer.

You must manually allocate all items, and enter any amounts allocated to the other spouse or RDP in column C.

M

MallyK

Level 2

Are these amounts on the 8958 automatically pulled in Proconnect? If so, how do you get them to pull?

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