In a divorce agreement, my ex pays me 50% of his yearly bonus after he pays taxes on it. This amount varies each year, so it is not in our alimony or child support calculations. It is just a payout. He pays taxes on his bonus. So after taxes he might get a bonus amount of 50,000. He writes me a check for 25,000. What do I need to do on my tax return?
You'll need to sign in or create an account to connect with an expert.
You do not need to report anything regarding the payment on your tax return.
Is this because he already paid taxes on it?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Fernanag
New Member
KarenL
Employee Tax Expert
Wjm2222
New Member
Andy_W
Level 1
EJNich1
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.