rdavo95
New Member

Co-Owned a house in 2024 with a partner (unmarried). Separated and ownership was transferred via quitclaim to her and I was paid a sum of money. Is that money taxed?

I am not sure if this money needs to recorded in my tax filings. We were both originally on the deed and now only she is. The amount I received was less than $50,000 if that makes a difference