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INSTRUCTIONS FOR COMPLETING COMMUNITY PROPERTY MASTER Little purpose of the Community Property Master List is to facilitate quick and easy comparison of the parties\' positions on each asset, debt,
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How to fill out what is form 8958

01
Download form 8958 from the official IRS website
02
Fill out your personal information including your name, address, and social security number
03
Provide details about your filing status and any dependents you may have
04
Report any applicable income from foreign sources
05
Calculate the total amount of foreign taxes paid and any credits you may be eligible for
06
Sign and date the form before submitting it to the IRS

Who needs what is form 8958?

01
Individuals who have income from foreign sources
02
Taxpayers who want to claim foreign tax credits

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Form 8958 is the Allocation of Tax Amounts Between Certain Individuals in Community Property States.
Married individuals who are domiciled in community property states and who are filing separately.
Form 8958 must be filled out by allocating income, deductions, and credits between spouses.
The purpose of Form 8958 is to ensure that income, deductions, and credits are properly allocated between spouses in community property states.
Information such as income, deductions, and credits must be reported on Form 8958.
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