House refinance buyout after divorce

[LynAli]

My ex-husband refinanced the house we owned and gave me half of the equity per our divorce agreement. Do I need to pay taxes on this money? Please advise. 

[Opus 17]

No. Property settlements and adjustments that are part of a divorce are not taxable. 

[LynAli]

Thank you! 

[jwdf]

Hi! I am in the same situation post-divorce where my ex-spouse bought me out. The amount I received was less than $250,000. Most things I read confirm that this amount is not subject to taxes, but where or how would this need to be reported on my taxes? We did not complete this transaction with attorneys and have no other paperwork related to this buyout.

[NCperson]

@jwdf it does not get reported on a tax return.  it is not income.