Post: Tax Question - Divorce related

Posted by satya on 10/14/07
Hi,
I need some advise for Tax preparation.
I am getting divorce in next few month. Me and my wife are
both citizen of India and our divorce case is filed in
India. As per our agreement I will be paying one time
alimony to her. This will be a fixed amount paid at once at
time of divorce case settlement. This amount will be paid in
India only. We don't have a property settlement as there is
no joint property between us.
I live in USA and will be filing my tax in USA only. My
question is can I file amount paid as tax deductible. I know
alimony paid to your spouse is tax deductible as per US tax
law. I need to know if same rule applies for one time
alimony paid. Also do I need to specify any text in my
divorce documents for this.
Quick response is very much appreciated as we are in
preparation of divorce agreement documents.
Posts on this thread, including this one
- Tax Question - Divorce related, 10/14/07, by satya.
- Re: Tax Question - Divorce related, 10/14/07, by Curmudgeon.