Which of the following is not a true statement regarding community property law?
A) For a married couple living in California, income derived from separate property is taxable to the owner of the property.
B) For a married couple living in Texas, income derived from separate property produces community income.
C) In all community property states, the salary of married spouses is allocated one-half to each spouse.
D) Colorado, Ohio, and Florida are community property states.
E) Property acquired before marriage in a community property state continues to be separate property.
Correct Answer:
Verified
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