turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
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)?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies