Getting divorced, husband buying me out of the house, how can i avoid taxes on money gained?

Question

who do i need to contact re: money/taxes...

Answer 1

Have your husband pay the taxes on the buyout money as part of the Divorce settlement..happens all the time

Answer 2

Unless your buy out is over 250k there are no taxes.

If it is more then that please pay your fair share, the rest of us are.

Answer 3

This is a division of property.  He is getting the house.  You are getting other assets.  

Normally, IRS does not consider this a taxable event.  Consult a good tax professional, such as an Enrolled Agent or a CPA.

Answer 4

Hah! You can't!