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Re: Tax Question - Divorce related
Posted by Curmudgeon on 10/14/07
It will be treated as a division of property and not as
alimony and will not be tax deductible.
On 10/14/07, satya wrote:
> 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.
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