Skip to main content
TurboTax
Community
TurboTax
TurboTax
melissa_key40
Level 2
June 4, 2019
Question

Divorce settlement

  • June 4, 2019
  • 3 replies
  • 33 views
I received $50,000.00 in a divorce settlement. Check was immediately deposited and $25,000.00 was used for the down payment of the purchase of a home.  The remaining was used for the payment of joint credit cards, etc. Do I have to claim the entire $50,000.00 as additional income?

3 replies

Lisa995
Alumni - Champ
Lisa995Alumni - Champ
Alumni - Champ
June 4, 2019
Generally settlements in divorce aren't taxable and aren't reported on the tax return.  
Was this money from a retirement account or something?  Were you issued some type of tax reporting document?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
melissa_key40Author
Level 2
June 4, 2019
No. This wasn't from a retirement account and nothing was issued. No tax reporting documents at all.
Lisa995
Alumni - Champ
Lisa995Alumni - Champ
Alumni - Champ
June 4, 2019

https://ttlc.intuit.com/replies/3387307

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Explore your options
Terms & ConditionsAccessibility statement
Sitemap
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2026 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.

About Cookies Manage cookies

TRUSTe nResult Certified e-File C-Level Security Certification
Intuit
TurboTax Credit Karma QuickBooks MailChimp

© 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Copyright © Intuit Canada ULC, 2026. All rights reserved.

About Cookies Manage cookies

Intuit
TurboTax Credit Karma QuickBooks MailChimp

© 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

© 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

À propos des témoins Gérer les témoins