Calculate MFS tax and create 2 new returns
- In the married filing joint locator, go toOrganizer,General Information,Separate Returns from Joint Data.
- SelectMFS Returns from MFJ.
- Select the second taskto calculate MFS tax and create 2 new returns.
- Enter all applicable TSJ ownership codes for the joint return.
- Perform a full recompute.
- SelectCalculate Tax for Separate Returnsand thenOK.
- When the calculation's complete, selectOK.
- To view a detailed report of the tax calculations, selectView Comparison Schedule.
- To create 2 new returns, selectCreate New Locatorsand make note of the locator numbers. The process is now complete. You can access the taxpayer's and spouse's returns to complete any additional entries.