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wagley
New Member

How do I address Cap Gains generated for a redistribution of assets for a divorce settlement?

In a divorce I accrued Cap Gains to redistribute our assets. How do i address this in Turbotax?
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2 Replies
ee-ea
Level 15

How do I address Cap Gains generated for a redistribution of assets for a divorce settlement?

JohnB5677
Employee Tax Expert

How do I address Cap Gains generated for a redistribution of assets for a divorce settlement?

You should receive a 1099-B from your broker.  The transactions will be posted to your tax return.  Any issue between you and your Ex should have been settled in the divorce decree.

 

  1. Start at Federal
  2. Wages and Income
  3. Scroll to Investments & Savings
  4. Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) [Start or Revisit]
  5. Did you have investment income in 2022? - Yes
  6.  Get ready to be impressed  Continue
  7. You can enter your information to import the details
  8. —----------- OR —------------------------
  9. Select Enter a different way.
  10. Choose the Box Stocks, Bonds, Mutual Funds Continue
  11. Follow the interview to post your information.
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