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LAAoffice
New Member

divorce

I finalized a divorce at the end of July, signed off/over our house to my ex-husband at the beginning of August and purchased a new home at the end of September. How will all of this affect my taxes

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1 Reply
EleanoreS
Employee Tax Expert

divorce

@LAAoffice  Good afternoon.   As you were divorced during the year, you are considered to be a single taxpayer for the entire tax year.  Your filing status would be either single or head of household dependent upon if you have a person that would qualify you as head of household.  Here is a link to more information on claiming the head of household status which is generally more favorable than single.

 

As to the homes, you would be able to claim any real estate tax and mortgage interest that you paid on your former home if you were obligated to pay (ie on the mortgage and tax bills) and actually paid it.  All deductions related to your new home, provided it is in your name and the expenses are paid by you, can be deducted on Schedule A as itemized deductions.  Be sure not to miss deductions that may only show on your closing documents; for example real estate taxes that were reimbursed to the seller.  Congratulations on your new home! 

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