Is my lump sum payout from separation agreement tax deductible?
I am preparing my taxes, and was wondering if I can deduct the $6,000 below. I know it's not taxable income for Ex-wife, but was wondering if I can deduct it on my taxes. Article II PROPERTY DIVISION G.
Categories: Mortgage Tags: amounts, article, condo, Court, ex-wife, improvements, lump sum payment, lump sum payout, not-taxable, property-tax, separation-agreement, shall-pay, sum-payment, tax, tax-free-lump, taxable-income, taxes, the-acceptance, the-amounts
Lump sum payment from separation agreement tax deductible?
I am preparing my taxes, and was wondering if I can deduct the $6,000 below. I know it's not taxable income for Ex-wife, but was wondering if I can deduct it on my taxes
Categories: Mortgage Tags: condo, Court, ex-wife, improvements, lump sum payment, payment-upon, property-tax, separation-agreement, shall-pay, sum-payment, taxable-income, the-amounts, wife