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CCH Software User Documentation

Use the Joint Source Window Options

  1. Select one of the following in Is the source a jointly held source?:
     

  • The source is held jointly with spouse:
    Specify one of the following in How is the income shared:

    • 50/50 Split: Share the income equally

    • Client's percentage of total is: Enter the share that the client owns, for example 20%.

  •  The source is held jointly with other person(s):

Specify one of the following in How is the income shared:

  • Client receives 50% of source: Allocate half of income to the client

  • Client's percentage of total is: Enter share that the client owns, for example 20%

 Note: The How is the Income Shared options change depending upon the source type selected.

  1. (Optional) Click the Allocate rounding differences to the client check box.

  2. Click OK.

Note: You cannot select the Allocate rounding differences to the client check box if you select the option I will enter the amounts applicable to the client directly.

 

 

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