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Is cash received as part of divorce division of property one time tax free equalization payment taxable?
As part of the divorce division of property, I am receiving an one-time tax-free equalization payment of an amount from both my ex's Stock Brokerage and Retirement accounts. Is that payment a taxable income to me?
I am reading mix reviews about if it's part of property settlement hence tax free or if it's part of alimony hence it's taxable
Thank you for everyone's help
‎June 1, 2019
8:30 AM