Tax Implications of Special Circumstances

Free CFP Exam lesson in Tax Planning. 17 min read, ~2,541 words.

Post-2018 alimony is not deductible by the payor and not includable by the recipient, the agreement execution date controls. Section 1041 treats divorce property transfers as tax-free with carryover basis, negotiate after-tax value, not face value. QDRO penalty exception applies only to distributions taken directly from the qualified plan, not...