Split 1099-R income with ex-spouse

Forum|Forum|6 years ago
February 18, 2020
2 replies
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Ex-spouse received pension payments monthly all of 2019. Jan-May we were married so income is 50/50. June-December the pension plan paid him all as the right paperwork was being processed to split it monthly. Instead, he paid me my 50% portion from his personal checking account.

Now he as a 1099-R with the entire amount and I don't have any 1099-R for my 50%.

1) How does the income get report on his tax form income (match 1099-R, take 50% and not match 1099-R)?

2) How does the income get reported on my tax form income (my 50% although no 1099-R, $0)?

Thanks.

DianeC958

Level 12

1) He would need to report the full amount on his tax return to match the 1099-R he received.

If the amount he paid you is not designated as alimony in your divorce documents he can report it in TurboTax as Less Common Income> Other Reportable Income. In that section he can put in a description and the amount as a negative amount.

2) You can file the income you received as a substitute 1099-R in the Retirement Plans Section of TurboTax

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rjswifty

Level 2

Hi Diane,

That all makes sense to me as far as income reporting. What I don't understand is how the taxes, associated with the that income, is handled.

Don't I have to also reduce the taxes paid for the amount associated with the reduced income?

VolvoGirl

Level 15

I understand. However, if I reduce my income on the return for the amount of money I gave my ex, doesn't she have to pick up the same amount of income on her return. And if that's the case, wouldn't she also have to claim the taxes.

Sorry for being a little slow, but, I can't quite get through this, but thanks for your help.

Yes she has to report the income but she doesn't get to claim any of your tax withholding . She should be paying in her own estimates during the year to cover her tax on it.

rjswifty

Level 2

That takes care of the income side. How are the associated taxes handled?

hokietrax

Level 2

Associated taxes for whom? Your question is unclear, but my attempt to answer: for my ex-spouse, receiving the income, it's taxed as income (ex-spouse's responsibility to file correctly), for me it ends up acting as a deduction, it's just entered here as negative income.

rjswifty

Level 2

If I reduce my 1099 (pension) for the income I paid my ex-spouse during the year, doesn't the taxes I paid on that same income also have to be reduced accordingly?