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    Post: Alimony

    Posted by Robbin Brooks on 1/26/08

    A couple jointly own a home. They take out an equity line
    and purchase a second property. In the divorce, the wife
    is awarded the home and the husband the second property.
    He is required per the divorce filings to pay the loan as
    well as insurance on the home (now the spouses). she has
    been granted a mortgage insuring that if he defaults on
    the loan she will not lose her house and will acquire the
    second property. Would these loan payments be deductible
    as alimony? There was no wording regarding the cessation
    of payments upon her death. Thank you for your input.

    Posts on this thread, including this one
  • Alimony, 1/26/08, by Robbin Brooks.

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