turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Are there tax implications (deductions or tax owed) on a buy-out payment to a former partner for a home after separation (not married)?

 
1 Reply
Anonymous
Not applicable

Are there tax implications (deductions or tax owed) on a buy-out payment to a former partner for a home after separation (not married)?

your basis for depreciation for the portion you acquied is what you paid split betwwen land and buliding.  deprecition for that portion starts on the date you bought it. 

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies