How should T5 Income reported jointly be slpit for a spouse who died in November 2017
The T5 income reported jointly with spouse was split in prior years 50/50%. Wife passed away November 3, 2017. Can the T5 income still be split 50/50% for the 2017 tax year or does it have to be pro-rated?
How should T5 Income reported jointly be slpit for a spouse who died in November 2017
Technically, you would determine what portion of the total interest reported in the T5 was interest received up to Nov 3, 2017 and then you would split that amount 50/50. The difference between the total T5 amount and this 50/50 split amount up to Nov 3 would be the balance to be reported by you in your tax return.
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