Part of my divorce settlement, I made a one-time alimony payment of approx. $17,000 to my ex-wife. We split the total funds 50/50 and then I made an additional payment.

Can I deduct the $17,000 as It was in lieu of alimony payments and came from a retirement fund and rolled into her retirement fund. This is noted on the final divorce papers.

728

Level 6

Jun 4, 2019 5:54:34 PM

It depends. If your final divorce papers specifically titled the transfer of funds from your retirement account alimony, then yes, you can take the alimony deduction. However, this sounds more like a property settlement. And property settlements between you and your former spouse are not considered alimony.

See this TurboTax article Getting Divorced for additional information.

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Part of my divorce settlement, I made a one-time alimony payment of approx. $17,000 to my ex-wife. We split the total funds 50/50 and then I made an additional payment.