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Community property data entry

There are 3 methods available for entering community property.
  1. On the
    Asset
     screen, enter the description and entire value of a community property asset.
  2. Use 1 of the following data-entry methods:
    • In the
      Adjustment items
       statement dialog, enter text similar to
      Surviving Spouse's Community Interest
       in the Description column. On the same line as the text, enter half the asset alternate value and/or death value amount as a subtraction. The application nets the amounts entered for each item (entire value + accrued income - community property interest) before considering amounts to transfer to Schedule M, Schedule O, the Asset Worksheets, or when transferring amounts to the states.
    • Enter
      X
       in the
      Community property
       field. The application calculates and displays the surviving spouse's one-half interest for all identified community property and prints the adjustment as the last item for that schedule. Even though the adjustment is listed as the last item in the schedule, the net amount of each asset is considered for Schedule M, Schedule O, the Asset Worksheets, or when transferring amounts to the states. There's a
      Force
       field for you to override the calculation if you need it.
    • Indicate the surviving spouse's one-half interest by entering only the decedent's share of the community property asset in the
      Alternate value
       and/or
      Value at date of death
       fields.
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