Solved: Divorce settlement income

**Tax Year 2018 or earlier** Divorce settlement income

I paid my exwife $50K for a divorce settlement on our house in cash. does she need to claim this on her taxes as income?

posted

Not if it was a for a division of assets.

Spousal maintenance (alimony) is deductible for the payer and taxable income to the payee.

Child support is neither taxable or deductible.

Not if it was a for a division of assets.

Spousal maintenance (alimony) is deductible for the payer and taxable income to the payee.

Child support is neither taxable or deductible.

Tax Year 2018 or earlier Divorce settlement income