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How do I report alimony paid to court while under appeal?
General Sessions judge ruled for a $16K alimony retro payment as a result of my increased wage some 18- months earlier. I had to borrow the $16K from taxable retirement account in April '19 and money was paid to Court Fund to hold while I appealed the judge's decision to 3-judge Appeals Court.
Appeals Court just heard oral arguments and it could be from 2 months to one year before they rule on the $16K. The money was paid in 2019 and is currently taxable to me, but my Ex hasn't received the money.
Can I deduct, and if so, how?
‎July 9, 2020
8:33 PM