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Instructions and help about 8958 form

today we're here to talk about how to file taxes in a community property state there are a number of states that our community property states Arizona California there's a whole slew of them but if you happen to live in one of these states and you want to file separately then it comes into play if you're married filing jointly it really doesn't have a lot of impact so this is mostly for people who want to file married filing separately be aware that one of the issues that you have to contend with is that on your property you'll have to split all of your property 5050 with your spouse and all of the income and deductions allocated to the property will be split 50/50 when I say property I'm referring to community property if there are there are properties that are owned by you exclusively or by your spouse exclusively then they will be treated just on that individuals return you won't won't have to divide those on both returns separate property would be property that you had owned before

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