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2017 Income Tax Fundamentals
Robs Salary $120,000
Rachels net income from her business $130,000
Interest (Robs separate property investments) $ 4,000
Interest (Rachels separate property investments) $ 2,000
Dividends (community property) $ 5,000
Total income is $261,000
If Rachel files a separate return, how much income should she report?
If Rob and Rachel live in Texas, what should Rachel report as income?
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