How do I split a joint return in CCH® ProSystem fx® Tax?
The below video discusses how to split a joint return using ProSystem fx Tax.
- Open the joint return you want to split.
- Throughout the return, verify that the applicable Taxpayer, Spouse or Joint codes are setup.
- Note: The Split Joint Return process separates the items in the return based on these codes.
- Throughout the return, verify that the applicable Taxpayer, Spouse or Joint codes are setup.
- Select File > Split Joint Return.
- At the confirmation prompt, click Yes to split the return or click No to cancel the split process.
- The system does either of the following:
- If this is the first time this return is being split, you need to enter a client ID or the spouse's tax return (the taxpayer's return will be a new version of the joint return). After entering a client ID, click OK to complete the split process.
- When the split is complete, a summary dialog displays showing the return versions resulting from the split. Click Print Report to print a hard copy listing the joint return, and the returns created from it.
- If you have previously split the joint return, a dialog displays asking you if you wish to overwrite the returns previously created form the split of this married filing joint return or create new return versions.
- If this is the first time this return is being split, you need to enter a client ID or the spouse's tax return (the taxpayer's return will be a new version of the joint return). After entering a client ID, click OK to complete the split process.
- The system does either of the following:
- Click OK to complete the split process or click Cancel to abandon the split.
- After the return has been split, confirm that the filing status on both returns are MFS (Married Filing Separately) and both are either itemized or not itemized.
- Note: The IRS regulations require that both spouses use the same filing method.
- After the return has been split, confirm that the filing status on both returns are MFS (Married Filing Separately) and both are either itemized or not itemized.
Solution Id | 000172742/sw309 |
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