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Divorce settlement

I received $50,000.00 in a divorce settlement. Check was immediately deposited and $25,000.00 was used for the down payment of the purchase of a home.  The remaining was used for the payment of joint credit cards, etc. Do I have to claim the entire $50,000.00 as additional income?
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3 Replies

Divorce settlement

Generally settlements in divorce aren't taxable and aren't reported on the tax return.  
Was this money from a retirement account or something?  Were you issued some type of tax reporting document?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Divorce settlement

No. This wasn't from a retirement account and nothing was issued. No tax reporting documents at all.

Divorce settlement

https://ttlc.intuit.com/replies/3387307

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
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