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.