570. How does community property law affect the federal income tax treatment of dividends received from corporate stock?Nuco Employeercline202014-07-29T19:04:00Z2014-07-29T19:04:00Z198559UMKC4165614Site Map/General Income Taxation/Individuals/Community PropertyTaxFactsDefaultArticle124161445-00-tf2.xml1445.00;#1721;#0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900242457EFB8B24247815D688C526CD44D009C4E67E972694125ABDA91AC61F5E51FTax Facts 2How does community property law affect the federal income tax treatment of dividends received from corporate stock?29000.0000000000TaxFactsDefaultArticleSBMEDIA\moss-admin2010-01-14T22:40:30Z570. How does community property law affect the federal income tax treatment of dividends received from corporate stock?If state law characterizes the income as community income (see Q 568); the dividends are treated as having been received one-half by each spouse. This rule has been held to apply to dividend income received by a spouse as marital property under the Wisconsin Marital Property Act.Rev. Rul. 87-13, 1987-1 CB 20. If the dividends are characterized as separate property and the spouses file separate returns, each spouse reports his or her own separate income.IRS Pub. 555.