Do you have to claim property settlement money from a divorce on your taxes?
88451
I would have your taxes prepared by a professional this year. It will help you with this unusual situation. Try H&R Block, if you don't want to use them, perhaps they can just answer the question over the phone.
57290
If you are legally married,you are entitled to half of his possessions, that is if you did not signed a Prenup. You can even get money for the time you have been separated, that is alimomy.Also the court will obligate the person to pay fully the amount owed for child sopport That is, The time that he never paid). It doesnt matter if you have not been together, legally you are his wife .
82702
No a spouse can not be a dependant on the tx return.\nEither you have to file together or separately.
862298
Ask your lawyer. It all depends on the situation with the trust and the conditions of your divorce.
872943
The only thing you can deduct from your tax is probably your mortgage interest. Individual items in the closing statement may be deductible when you sell the house.
20303
NO! YOU CAN'T .THE HOUSE HAS BEEN COUNTED AS PROPERTY THAT BELONGS TO BOOTH OF YOU (RIGHT!)THEN IF YOU SELL THE HOUSE YOU HAVE TO GIVE HALF OF THAT MONEY TO YOUR  EX HUSBAND AND YOU WILL GET STUCK WITH ANY MONEY YOU SPENT TO SELL THE HOUSE. SORRY!
742085
Katie's answer is correct regarding your liability if you are named on the lien.  If there is a link between the names listed on the deed to your property and the lien filed by the IRS you will have to petition the IRS to discharge the property from the lien.\n\nThis is a complicated process and I advise you to seek professional help.  Basically you will submit an appraisal showing the fair market value of the property along with a detailed form that lists all liens encumbering the property along with your reason for seeking the discharge.  If there is equity in the property than the IRS will want your husband's half interest in that money.
450297
The situation you describe is not really a real estate question, since the jointly owned property could just as well be a pair of shoes, a bank account, or a car. In this case, I'd contact a divorce attorney - since you've been together for 13 years (and in this property together for quite a while). Even though you're not "married", you share household assets, and probably will need a court to either grant you a portion of the assets (like a settlement), or issue an injunction that keeps your boyfriend from selling the property until you can come to an agreement. \n\nEither way, you can contact Lawyer Referral Service at 303 East Palm Lane in Phoenix (zip 85004) - their phone number is (602) 866-8888. They will be able to direct you to someone who works on contingency. \n\nGood luck!\n\n- Stuart
878378
Does she have enough money to buy his half of the equity in the home and keep it?  If not, then the judge will probably require that the home be sold and the proceeds divided equally. As for paying off the family debts, if they go to court, these can be divided, although not necessarily evenly among the two of them.  He could wind up paying off most of the debts if she is not financially able to do so.  Settling out of courts is usually unwise when there are any disputes on property settlements or other aspects of a divorce, although those seem to be taken care of already. But, the property settlement and the debts can cause alot of headaches if they are not agreed to prior to settling, whether it be in or out of court.
1144301
I depends on if you have children, if so you can claim them other than that your spouse and/or yourself. From experience you may just want to claim yourself because I had problems
1011115
You should consult a family law attorney, first and foremost.  You did not give many details as to your specific situation, married, seperated, divorced, etc....  But if you were married when the purchase of the property occured, then you may be entitled to something, whether that be rent or forcing her to refinance to pay you 1/2 the equity in the property.
282377
Real Estate is the hardest thing in the world.  I will need more information from you.  First off was this real estate rented?  If not you can simply claim it on your 1040 Schedule A.  If it was rented then you have to claim it on your Scedule E (Income from Rental Property).   If you are trying to claim this on your State taxes I will need to know what state you are currently residing in to find out if you can claim it or not.\n\nMonteverde2\nUS Army Tax Preparer
1167263
Here's the catch. When you sell a home, the transaction never goes beyond the county level. The only records the IRS will ever see are those provided by the bank, and what YOU tell them on your tax return. There is no space on the tax return that requires you to document how much PROFIT you made. You can buy a home for $100k, and sell lit 6 months later for $150k, but who's to say you didn't put $45k into repairs and remodeling, costs of selling, etc.? That means that you only have to declare $5k profit, IF you don't put it into another house. Don't volunteer any information, wait until they ask for it. They have to prove that you owe them money, you don't have to prove that you don't.
1149299
Claim what?  You don't get any tax benefits just for owning a house.  But on your itemized deductions, there's slots for the mortgage interest and property taxes you've paid in the last year.  That, in most cases, is deductable.
239125
If you can claim her she probably just needs to fill out a 1040EZ.  There is a spot on their to check if someone else is claiming you.
923839
I have bought property for my wife who is a Filipina. The only way you can have any claim on any property is that the title is in the name of Philippine citizen with an additional phrase ...(your name) being husband/wife of the owner...\nThat way if anything happens to your husband, the government buys you out for a fraction of your investment. Also, the property taxes are higher than if the title is in one name only.\n\nSeriously, they have a lousy system.
58540
Basically, any property that either spouse owns prior to the marriage becomes marital property upon marriage—-regardless of whose name in on the title.  The divorce court will equally divide all marital property before issuing a divorce order.  \n\nGenerally, the way to exclude a house from marital property is with a prenuptial agreement where the spouses specifically agree to exclude certain property from marital property.  Or if a spouse is able to prove that the property was completely separate from the marital home and no marital funds were used to maintain this separate property (this includes mortgage payments, taxes, utilities bills, maintenance).  Basically, even if Husband lived in the house and never paid any bills, he is-—generally-—entitled to half the equity of that house.\n\nThis is a very basic rule which may not be true in your state.  (But most likely this is the law in your state because you are looking for one exceptional case, instead of many cases).  So, I advise you to talk to a family lawyer licensed in your state.   You and your lawyer can devise an exit strategy.  You may have other bargaining chips, such as his retirement or pension, to negotiate for what you want.  Just because he wants half of your house, does not necessarily mean he will get it.  \n\nIf you really want to find that Morris Marsden case, try www.lexisone.com, www.findlaw.com, or www.lawguru.com .  Also visit your state-court’s website; some courts publish and archive their opinions on their website.\n\n\nGood luck.\n\nSharmil McKee, Esq.\nPhiladelphia, Pa\nhttp://www.mckeelegal.com