Comments on: Ask the taxgirl: Community Property states http://www.taxgirl.com/ask-the-taxgirl-community-property-states/ Paying taxes is painful... but reading about them shouldn't be. Sat, 20 Mar 2010 00:44:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ken Butak http://www.taxgirl.com/ask-the-taxgirl-community-property-states/comment-page-1/#comment-10094 Ken Butak Sun, 12 Apr 2009 03:52:23 +0000 http://www.taxgirl.com/?p=2544#comment-10094 Taxgirl, there ARE no "innocent law students", and you know it. Taxgirl, there ARE no “innocent law students”, and you know it.

]]> By: Mary Kay Foss http://www.taxgirl.com/ask-the-taxgirl-community-property-states/comment-page-1/#comment-8812 Mary Kay Foss Tue, 10 Feb 2009 02:03:20 +0000 http://www.taxgirl.com/?p=2544#comment-8812 Income taxes can be complicated if you file separately in a CP state but that's nothing compared to the complications if you're a registered domestic partner in CA. For federal purposes, you're single but for state it's either married filing joint or married filing separately using CP principles. Estate planning is easier in a community property state and both halves of CP property get "stepped up" - that assumes that the FMV is higher! Income taxes can be complicated if you file separately in a CP state but that’s nothing compared to the complications if you’re a registered domestic partner in CA. For federal purposes, you’re single but for state it’s either married filing joint or married filing separately using CP principles.

Estate planning is easier in a community property state and both halves of CP property get “stepped up” – that assumes that the FMV is higher!

]]> By: Ask the taxgirl: Community Property states | No Brainer Profits http://www.taxgirl.com/ask-the-taxgirl-community-property-states/comment-page-1/#comment-8810 Ask the taxgirl: Community Property states | No Brainer Profits Tue, 10 Feb 2009 00:11:55 +0000 http://www.taxgirl.com/?p=2544#comment-8810 [...] Read the original here: Ask the taxgirl: Community Property states [...] [...] Read the original here: Ask the taxgirl: Community Property states [...]

]]> By: Kelly http://www.taxgirl.com/ask-the-taxgirl-community-property-states/comment-page-1/#comment-8803 Kelly Mon, 09 Feb 2009 18:45:09 +0000 http://www.taxgirl.com/?p=2544#comment-8803 That's a Texan for you! ;) That’s a Texan for you! ;)

]]> By: Kay http://www.taxgirl.com/ask-the-taxgirl-community-property-states/comment-page-1/#comment-8801 Kay Mon, 09 Feb 2009 17:26:04 +0000 http://www.taxgirl.com/?p=2544#comment-8801 I remember when I discovered that only a few states had community property laws. Not that the hubby and I ever plan to split; after 27 years we just don't have the energy for such a hassle! But even when we lived in non-CP locales, I told him that since we both were Texans and were married in the Lone Star State, other laws be damned. We were always going to operate as a community property couple. Since we're back home, the point is moot. I remember when I discovered that only a few states had community property laws. Not that the hubby and I ever plan to split; after 27 years we just don’t have the energy for such a hassle! But even when we lived in non-CP locales, I told him that since we both were Texans and were married in the Lone Star State, other laws be damned. We were always going to operate as a community property couple. Since we’re back home, the point is moot.

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