MFS in Community Property State
Anyone has filed MFS in Community Property State? I wonder if it's even worth trying since all income, deductions, etc must be split 50/50 anyways. The situation is: taxpayer works and a shareholder of two S Corp with losses from one S Corp, and the 2nd S Corp has significant income. His spouse works and makes good money too. They have two kids. Sounds, it would be a major pain to split everything 50/50 with all income, S Corp losses and income, etc. Wonder if it's worth trying. In what situations it may make sense?
