AssociationCrazy5551

AssociationCrazy5551 OP t1_j24h4v6 wrote

I had a tax scare a couple years ago where the IRS sent me a cp2000 for unreported crypto trades from 2017. Since I never sent a cost basis the bill was over a million dollars. I learned all about 1099s after that and fixed the situation myself, but she's still unwary to file with me.

Now that our incomes vary greatly, I think it's time to start looking into filing jointly

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AssociationCrazy5551 OP t1_j24dl0m wrote

Okay thank you. I was curious if there's a way to lower it based on being a home owner, having kids, or investing in real estate. On a side note, is there any benefit to filing jointly now that my income is way higher? We have been filing separately because we don't really see the benefits of filing jointly. I mess around with stocks and crypto, she doesn't want to get involved with any of that.

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