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Get your taxes done using TurboTax
Hello. My ex-husband and I were divorced in April 2015. He stayed in the house, I moved out. Part of the divorce settlement was for him to pay me. $65,000. He has had trouble coming up with the money until now. He is selling the house and paying me my money from the proceeds. Will I have to pay taxes on this money? I have been told I will have to roll it into another house purchase within 6 months or I will to pay tax on it. Do I have to buy a house, or can I invest it something else? Thank you.
‎July 24, 2020
6:54 PM