Have a Tax Question? Ask a Tax Expert
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Thought I could ask questions for free with the free trial.
For tax purposes you are considered legally married for all of 2011 which leaves you with two choices married filing seperare or married filing jointly.
I'm not sure about the trial but can help.
If you have children then their might be the option to file as head of household.
Thanks. We have joint custody.
Let me do some more looking and see what option is the best.
We have two kids. I thought we should file married filing separately and each claim a child. Can we split the interest on the house and other itemized deductions?
Generally you will pay more tax when filing seperate, and yes you can split the interest and other itemized deductions.
You just can't double up on them.
The best option will be for someone to be "head of household"
Let me check on those rules more
The head of household rules require "Your spouse did not live in your home during the last 6 months of the tax year."
When working with seperated spouses I often seen married filing seperate.
However you might want to run the numbers and see how much more it would cost in taxes.
With us both having a home. Mine from Sep - Dec and her current house we had together from Jan-Sep then she had it Oct - Dec. Will we have to claim my house as a second or vacation type home?
You can consider it a primary residence.
You can deduct home mortgage interest on a second home just like a first. And real estate taxes are always deductible.
Thanks for the help.
Thanks I'll be around later if you need more help.