MC4
Level 1

It's because one spouse has large student loans and does income-based repayment; the income shown on a joint return would increase her repayment amount. 

It would be fine if she didn't have the CO-sourced income...but it really mucks things up (in my mind) in terms of not only the CO return but the credit for CO taxes paid on their NM returns as well.

0 Cheers