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Clear Data Help Protected B Joint Election to Split Pension Income when completed Complete this form if you (the pensioner) are electing to split your eligible pension income with your spouse or common-law
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What is joint election to split?
Joint election to split is a legal agreement that allows a married couple to divide their tax liabilities when filing separate tax returns instead of filing a joint tax return.
Who is required to file joint election to split?
A married couple who wants to divide their tax liabilities when filing separate tax returns is required to file a joint election to split.
How to fill out joint election to split?
To fill out a joint election to split, both spouses must sign the election and provide the necessary information, such as their full names, Social Security numbers, and details of their income and deductions.
What is the purpose of joint election to split?
The purpose of a joint election to split is to allow married couples to allocate their tax liabilities more fairly when they choose to file separate tax returns.
What information must be reported on joint election to split?
The joint election to split must include the full names and Social Security numbers of both spouses, along with details of their income, deductions, and tax liabilities for the tax year in question.
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