(a)        Income derived from property held by spouses as tenants by the entirety becomes personal property held by the spouses as tenants in common in equal shares.

(b)        For income tax purposes, each spouse is considered to have received one-half the income or loss from property held by the spouses as tenants by the entirety. ?(1981 (Reg. Sess., 1982), c. 1245, s. 1; 1983, c. 449, ss. 1, 2; 2020-50, s. 1(a)-(c).)