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separate return

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Financial Dictionary

separate return

A tax return filed separately by each spouse, in which income and deductions attributable to that spouse are listed. Spouses may choose to file separate returns or to file a joint return combining incomes and deductions. Compare joint return.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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