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Level 5
April 8, 2021
Question

Bifurcation filing as S but dividing assets

  • April 8, 2021
  • 1 reply
  • 0 views

I have a client that got a Bifurcated from his spouse during 2020 however how can I file him as single but split the assets on the form 8958 Allocation of Tax amounts between certain individual in community property states?

The instructions say the form can be filed if they are married filing separate and live in community property state

OR

File as Single, is in a same sex RDP and lives in CA, NV or WA

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1 reply

Just-Lisa-Now-
Intuit Community Champion
April 8, 2021

if they are still legally married, Single isn't a choice.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
monicacAuthor
Level 5
April 9, 2021

Bifurcate means they are no longer married but their assets have not yet been separated.

Just-Lisa-Now-
Intuit Community Champion
April 9, 2021
If therye no longer legally married, then Single is an option. They each take their own share of joint accounts on their Single returns, you don't add a 8948 to a Single return.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪