Property Transfered in divorce - 401 used to buy out

[CKJ]

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.

[Just-Lisa-Now-]

He should have the 1099R from the distribution to report that income n his return.

Divorce settlements aren't a deduction for him, too bad he had to take the money from his 401k to make the payment.

[CKJ · Accepted solution]

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.

[Jim-from-Ohio]

should have had a QDRO done

[Just-Lisa-Now-]

sounds like it was for a equity buyout, not a retirement split. QDROs are for when the ex spouse is entitled to a portion of the retirement income.