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June 26, 2024
Question

House refinance buyout after divorce

  • June 26, 2024
  • 1 reply
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My ex-husband refinanced the house we owned and gave me half of the equity per our divorce agreement. Do I need to pay taxes on this money? Please advise. 

1 reply

Employee
June 26, 2024

No. Property settlements and adjustments that are part of a divorce are not taxable. 

LynAliAuthor
June 26, 2024

Thank you!