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April 18, 2023
Question

How do I address Cap Gains generated for a redistribution of assets for a divorce settlement?

  • April 18, 2023
  • 2 replies
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In a divorce I accrued Cap Gains to redistribute our assets. How do i address this in Turbotax?

2 replies

Employee
April 18, 2023
JohnB5677
April 18, 2023

You should receive a 1099-B from your broker.  The transactions will be posted to your tax return.  Any issue between you and your Ex should have been settled in the divorce decree.

 

  1. Start at Federal
  2. Wages and Income
  3. Scroll to Investments & Savings
  4. Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) [Start or Revisit]
  5. Did you have investment income in 2022? - Yes
  6.  Get ready to be impressed  Continue
  7. You can enter your information to import the details
  8. —----------- OR —------------------------
  9. Select Enter a different way.
  10. Choose the Box Stocks, Bonds, Mutual Funds Continue
  11. Follow the interview to post your information.
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