Minimum Tax Credit MFJ to Single - Spidell

Minimum Tax Credit MFJ to Single

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Message Board Minimum Tax Credit MFJ to Single

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    • #257579
      Tiffany Bauer
      Participant

      A married filing joint return in 2018 has a minimum tax credit carryover to 2019. They are now divorced, and are filing Single. Does the minimum tax credit carryover split 50/50? Both of their 2019 Forms 8801 would look very similar since they have the same 2018 data? Any limitation of the 2019 credit since they are going from MFJ to return?

    • #257632
      Lynn Freer
      Participant

      If the credit came from community income/assets they split it 50/50. If it came from separate property the one whose property it was gets the credit.

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