Property Transfered in divorce - 401 used to buy out
I have a client who divorce last year. He paid his ex-spouse his portion of equity using his 401k to do that.
Is there a form for taxes to report that.
I have a client who divorce last year. He paid his ex-spouse his portion of equity using his 401k to do that.
Is there a form for taxes to report that.
Thank you. We did talk about that after the fact. I just wanted to make sure there wasn’t a way. Yes he did get 1099R.
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