We were divorced three years ago. In the separation agreement, I received a car which I made payments on. Finally, I sold the car and received a check for $2000.00. Is this considered income for child support calculations? Also, I sold a generator for $500 which I got in the divorce. Is the $500 considered as income?
No, the proceeds from the car and the generator are not considered income for child support purposes. You merely transformed these assets, which you received incident to divorce, from a tangible piece of personal property into cash.
Anna Ayscue
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
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