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Kvdv
Level 2

Taxes Divorced settlement

My ex-husband and I were divorced in August 2021. He stayed in the house, I moved out to NC. Part of the divorce settlement was for him to pay me 2 years spousal support $800 per month and $50,000. He has had trouble coming up with the money until now. He is selling the house and paying me my money from the proceeds.  

 

The house he sale is on his name only.  He owns the home before we got married. The home it is only in my ex-husband’s name. We don't have jointly property together during our married. Will I have to pay taxes on this $50k money?  

 

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1 Reply

Taxes Divorced settlement

No ... none of it is taxable to you since this was part of a parital divorce settlement AND you did not own the home. 

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