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Financial Planning / Tax Strategies


Subject:  Payout from divorce Date:  5/20/2001  11:50 AM
Author:  lysz Number:  51098 of 127513

To all those wiser then I, this fellow can use some help. Just got divorced and will recieve a 60,000 payout from the ex-spouse from her buying me out of the house. What are the tax consequences of such an event? Any ideas? How can I limit the amount of taxes that I might have to pay "Uncle Sam"? Could use your help. Much appreciated. Tom

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