I finalized my divorce in England on 2/21/2023 and received a dispersement payment from that divorce. Do I need to report that dispersement on my tax return?
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I finalized my divorce in England on 2/21/2023 and received a dispersement payment from that divorce. Do I need to report that dispersement on my tax return?
I finalized my divorce in England on 2/21/2023 and received a dispersement payment from that divorce. Do I need to report that dispersement on my tax return?
Generally the transfer of funds incident to a divorce is not taxed unless the distribution was made from pretax assets such as a retirement account.
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