Tax aspects of divorce.
March 25, 2013
In general, ex-spouses can make a tax-free transfer of assets within a year of the divorce. “Tax-free” means the initial transfer is considered a gift, so you’ll want to make sure you’re fully informed about the basis of assets you receive…. Why? Because you get the same basis and holding period your ex-spouse had before the transfer. That will be...
Tags: splitting assets in divorce