You'll need to sign in or create an account to connect with an expert.
Payments that are considered alimony can be deducted. However, any payments that are considered property settlements or child support are not deductible.
Given the fact that your payments are not being made to your wife and that the payments are for the purchase of an asset, the IRS may look to classify the payments as a property
The IRS provides the following requirements for payments to be treated as a alimony:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
SoarHighBeFree
New Member
curtisd2
New Member
TomG6
New Member
fdc0ffc9660b
New Member
6c2708e6f01b
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.