Deductions & credits


@Opus 17 wrote:

@macuser_22 

While I don't remember the advice on how to handle this situation, I don't believe it is correct that the taxpayer must eat the taxes on the entire distribution.

 

Distribution of assets subject to a divorce is not taxable to the parties.  


Exactly what in tax law says that?    I know of no such thing.   The only solution that I know of is an agreement the ex sill reimburse the tax.  I know of no IRS regulation when the person named on the 1099-R can assign the tax to another person.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**