Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

MFJ/MFS Wksht Federal

Highlighted
Level 2
last updated ‎December 07, 2019 5:45 AM
MFJ/MFS Wksht states savings fileing MFS but columns have same totals.  Can I split and see results and then combine?
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 14
last updated ‎December 07, 2019 5:45 AM

In Lacerte you can split the return which will generate 2 MFS files. You can't then recombine them but your original MFJ file is still there.


ex-AllStar

View solution in original post

0 Cheers
2 Replies 2
Highlighted
Level 14
last updated ‎December 07, 2019 5:45 AM

In Lacerte you can split the return which will generate 2 MFS files. You can't then recombine them but your original MFJ file is still there.


ex-AllStar

View solution in original post

0 Cheers
Highlighted
Level 15
last updated ‎December 07, 2019 5:45 AM

Sorry I may not fully understand your question.  But if you did not mark any of the income or expenses as T or J, they'd be presumed to be jointly held and split by half on the worksheet.  Wages, for example, would be one of the exceptions where it's linked to either the taxpayer or the spouse and would not be split except for community property states.

If you believe the 50/50 split is not correct, you can go back to the input screens to code these correctly for T/S/J.

The worksheet already shows you the comparisons for separate vs joint filing not only in terms of income and deductions as well as credits but the bottom line for tax liabilities.  It's not perfect as there are some quirks that Lacerte couldn't work through for MFS (e.g. DBC benefits exclusion) but it should be pretty close.  You shouldn't have to split the numbers and prepare separate returns to compare - that's the whole point of this worksheet.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers