Car as income

#1

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?

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#2

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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