Insolvency
Date: Sat, 09/12/2009 - 01:34
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?
You need to talk to a tax professional or an attorney. I am 99%
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!
