This is a great resource to start determining if you will be taxed on the entire pension or just the portion that you are retaining.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-divorce
Basically, your ex-spouse should a Qualified Domestic Relations Order with your plan administrator so that half your pension funds go directly to the ex-spouse.
Otherwise, there is a high probability the entire pension is taxable to you. You will get the 1099-R reflecting the entire pension paid directly to you. That is taxable to you. You could possibly deduct this depending on when you got divorced, any judgement of alimony payments, or maintenance payments that could be considered deductible....again depending on when you got divorced and what is written in the divorce decree.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
