Legal Question in Family Law in Texas

Divorce Settlement and Taxes

I have recently gone through a divorce and part of the settlement was for me to receive $40,000 for my share of the property. She is going to keep the property and refinance it in her name. My question is this. Do I have to pay taxes on this money? In addition, we have sold a truck, tractor and trailer as part of the divorce. Do I have to pay taxes on this money as well?


Asked on 12/15/08, 2:47 pm

1 Answer from Attorneys
Fran Brochstein Attorney & Mediator

Re: Divorce Settlement and Taxes

Talk to your CPA.

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Answered on 12/15/08, 3:04 pm


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