The laws of your state govern whether you have community or separate property and income. You must attach Form 8958 to your tax form showing how you figured the amount you’re reporting on your return.

Who needs to fill out form 8958?

A registered domestic partner in Nevada, Washington, or California generally must report half the combined community income of the individual and his or her domestic partner. See Form 8958 and Pub.

Can I file form 8958 online?

You can use the IRS interactive tool if you are not sure which filing status to choose. If you are required to file as married, the other spouse’s information is required to electronically file the return. To complete the form, please go to: Federal Section.

How do I get form 8958?

To access Form 8958, from the Main Menu of the Tax Return (Form 1040) select:

1. Miscellaneous Forms.
2. MFS Allocation for Community Property States (8958)
3. The taxpayer’s information from the tax return will pull to the taxpayer’s column of the form.
4. For each line, enter the spouse’s amounts as appropriate.

How does form 8958 work?

On Form 8958, a couple lists individual sources of income for each of them, such as employers, banks that pay interest, stocks that pay dividends, capital gains and tax refunds. The couple reports the total amount received from each source, then allocates a portion of the total to each person.

What do you need to know about form 8958?

The Internal Revenue Service (IRS) created Form 8958 to allow couples in community property states to correctly allocate income to each spouse that may not match what is reported to the IRS. Nine states have community property laws. Married couples in these states typically need Form 8958 if they file separate rather than joint tax returns:

What is the married filing separate Allocation-form 8958?

Community Property States are: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. For instructions on completing the 8958 form, see How do I complete the Married Filing Separate Allocation Form?

Who are the specified individuals to file Form 8938?

“Specified individuals” who may be required to file Form 8938 include U.S. citizens, resident aliens, non-resident aliens who elect to be treated as if they were resident aliens, and non-resident aliens who reside in American Samoa or Puerto Rico.

What’s the error on hr block form 8958?

HR Block program is asking me to fill out form 8958. I answer their questions but still getting an error message. What am I doing wrong? … read more We are doing our income tax using H&R Bolck software and it is saying we did not draw enough money from our retirement account. This is wrong according to our IRA Kingdom Trust IRA company.