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Level 1
March 31, 2021
Question

unemployment community property

  • March 31, 2021
  • 3 replies
  • 10 views

in california, is unemployment a community property , if so then we can divide the unemployment and take 2 exclusions.

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3 replies

sjrcpa
Level 15
March 31, 2021

Yes.

The more I know the more I don’t know.
BobKamman
Level 15
March 31, 2021

But, but, but .... if that's true .... how will IRS ever figure out how to amend joint returns (or MFS, for that matter) automatically, so that people don't have to file amended returns?  

Yes, of course it's community property, in the absence of a prenuptial (or postnuptial, for that matter) agreement otherwise.  

Level 5
April 6, 2021

Anyone know if or when Lacerte will update the program to split the unemployment income between spouses and exclude $10,200 from each on a joint return?