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2017 Income Tax Fundamentals Robs Salary $120,000 Rachels net income from her business $130,000 Interest (Robs separate property investments) $ 4,000 Interest (Rachels separate property

2017 Income Tax Fundamentals

Robs Salary $120,000

Rachels net income from her business $130,000

Interest (Robs separate property investments) $ 4,000

Interest (Rachels separate property investments) $ 2,000

Dividends (community property) $ 5,000

Total income is $261,000

If Rachel files a separate return, how much income should she report?

If Rob and Rachel live in Texas, what should Rachel report as income?

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