My ex wife and I own a house together. If she refinances and pays me off do I owe capital gain taxes? I am remarried.

Ex wants to keep house and I want out. Do I need to re-invest the pay off to avoid tax penalties?

posted

Connect with an expert

1 Best answer

Accepted Solutions

No, that is not taxable. You would be receiving your share of the equity in the house, which is not a taxable event after divorce.

3 Replies

No, that is not taxable. You would be receiving your share of the equity in the house, which is not a taxable event after divorce.

Thanks!

You're welcome. Thanks for using TurboTax.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.