Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes

Pick a language

Français English
For information related to Covid-19 and how to get help if you lost your job, please see The Covid-19 Tax Info Center
Showing results for 
Search instead for 
Did you mean: 
New Member

How do I include my bankruptcy on my spouses tax return?

1 Reply

How do I include my bankruptcy on my spouses tax return?

If you declared bankruptcy in the tax year, we do not recommend that you use TurboTax.

In the year that you declared bankruptcy, you are required to create two separate returns--one for the period from January 1 to the day before you declared bankruptcy and the second for the remainder of the calendar year. You must divide the personal amount credit between the two returns according to the number of days in each period.

Note: If you declared bankruptcy, you are ineligible to use NETFILE, so you must print and mail your return. You are also required to send a copy of the court issued Assignment in Bankruptcy, a Bankruptcy Notice, or correspondence entitled First Meeting of Creditors to your tax services office.