fjenkins
New Member

Seniors and students

Okay, I finally figured out (what I previously thought was an error in) the pension splitting as viewed from the Detailed Tax Summary. The total Pension income is inflated by the amount split (e.g., if 10 k$ is split, the total pension income goes up by 10 k$). However, under Deductions that 10 k$ is deducted from the income of the one spouse to produce a Net Income which is 10 k$ less than the Total Income (and in fact is the Total Income). The Total Income is inflated by the amount shared. The Net Income is the actual Total Income. Sorry to raise an alarm. I was premature in my judgement. Sorry folks.