The best tax tips for divorcing homeowners. Are you getting divorced? Do you own a home? See important tax considerations when getting a divorce.
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Tammy Emineth's curator insight,
October 14, 2015 10:27 AM
This article is definitely something that people would want to know about if they are going through it. It's something they should research, know their rights, understand what they can do during a home sale and their options. I think people jump to hastily into real estate transactions when there could be a lot of other options that might benefit both parties. |
Are you going to be getting a divorce? Do you own a home that was acquired during the marriage? If you are shaking your head yes you should have an understanding some of the tax tips for home ownership and divorce. There are a number of scenarios that can take place including one of the parties keeping the home or liquidating it as a marital asset.
What you should be completely aware of is how these two circumstances impact you from a tax standpoint. Divorce can have a dramatic impact on your finances. While most people think from a short term perspective, it is what happens down the road that can really have some major consequences.
There are a number of different tax laws that are discussed in the article. You should take a look at each and everyone of the referenced links in the article.
Each one is packed with helpful information that can keep your divorce heading in the right direction from a financial standpoint.
Divorce and selling a home is not something you should take lightly.
With the advice in the article you will have important considerations that probably were not given much thought. Don't put yourself in a position where you will make financial mistakes you regret in the future.
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