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Where do i report income received as part of a divorce settlement
I was bought out of my house due to a divorce, I received half the equity due to this. Is this money taxable income?
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June 4, 2019
2:12 PM
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Get your taxes done using TurboTax
Property (or cash) received in a divorce settlement is not taxable. It is not entered on your tax return.
Alimony received is taxable. Alimony paid is tax deductible.
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June 4, 2019
2:12 PM
1,020 Views