rieley7
New Member

My husband has our home in his name. He bought me out by refinancing and paying me half the equity. Do I have to pay taxes on this? I'm using it to buy my own house.

We have not filed for divorce yet, he left me and is waiting until I close on a home to file. The home he is refinancing was only ever in his name, but the money will be going into our joint checking account and then I'll use it as a down payment on a home.