My clients filed joint in 2004. In 2005 although still married they each qualify as H of H as each has a child living with them and they were in separate households for the last 8 months of the year. They have a large AMT credit. The husband originally purchased the stock option that produced the prior AMT and the credit. However soon after the purchase the stock was placed in a joint acct with his wife. So they had 50-50 ownership when it was sold in 2005. My guess is I need to go back to the 2004 return and split it creating two MFS returns and then bring each of the 8801 information forward to the H of H 2005 returns. Any thoughts?
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Mark, sounds
like you are thinking very clearly for this time of year. The only other idea is if it could
be split starting with the 2005 returns. -
Mfs
If still married, can they file HOH?? or only MFJ or MFS?Comment
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HOH vs MFS
If you lived apart from your spouse for the last 6 months of the year and maintained a home for a dependent child, you can be considered single for tax purposes and file HOH. If there are two or more children and at least one child lived with each parent in a separate household, then both parents can file HOH.Comment
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