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Deductions & credits
No, it is not taxable. Money that is transferred between (ex)spouses as part of a divorce settlement to equalize the marital assets is not taxable to the recipient and not deductible by the payer.
Remember, if it is not labeled as alimony or maintenance in the divorce decree, then it is not treated as such.
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‎June 1, 2019
8:30 AM