My ex wife got half my 401k in the divorce, i know she has to claim it on her taxes as income, but do i have to claim in on my taxes as a loss?

dienaste · ‎June 6, 2019

MinhT · ‎June 6, 2019

A divorce settlement is not tax deductible for you and you do not report it on your tax return.

Receiving half of your 401(k) in the divorce settlement is not a taxable event for your ex-wife. She ex-wife only has to report and pay tax on any withdrawals she makes from the 401(k).

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MinhT · ‎June 6, 2019

A divorce settlement is not tax deductible for you and you do not report it on your tax return.

Receiving half of your 401(k) in the divorce settlement is not a taxable event for your ex-wife. She ex-wife only has to report and pay tax on any withdrawals she makes from the 401(k).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

dienaste · ‎June 6, 2019

thank you

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My ex wife got half my 401k in the divorce, i know she has to claim it on her taxes as income, but do i have to claim in on my taxes as a loss?