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09-12-2009, 12:34 AM
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Junior Member
Join Date: Feb 2009
Posts: 12
Credits: 208
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Sub:
Insolvency
I filed taxes jointly with my husband. I will get a 1099c for the account I settled, should I include my husband's assets and debt to get my insolvency or just do the computation with just my asset and debt?
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09-15-2009, 07:44 PM
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Join Date: Aug 2009
Posts: 9
Credits: 185
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Sub:
You need to talk to a tax professional or an attorney. I am 99% sure you have to include all jointly owned assets in your insolvency calculation, so only non-marital property of your husband's (like things he owned pre-marriage) would not be included. I would never do this on my own without consulting a professional. Never mess with the IRS!
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