Is the distribution of real-estate equity as part of a ‘divorce/separation’ settlement taxable - Federal / State?
Generally, a property settlement like you described isn’t taxable, but it is important the agreement be properly structured.
Is the distribution of real-estate equity as part of a ‘divorce/separation’ settlement taxable - Federal / State?
Generally, a property settlement like you described isn’t taxable, but it is important the agreement be properly structured.