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• 1. W

     House sale in foreign country

     I got married 2 years ago, and my spouse moved to US at that time. She is selling a home in foreign country which is only in her name. We have been filing taxes jointly here. How should I report the capital gains (less than $200K) of the home sale? She has lived there alone 2 out of last 5...

     • willow26
     • Thread
     • Sep 17, 2021
     • Replies: 8
     • Forum: Tax Law
  2. W

     Community Income

     I went through an amicable divorce with my spouse last year in California which is a community property state. I am the high earner. We didn't split the finances until the dissolution date which was very late in the year. While doing taxes for TY2018, this is what I ended up doing after...

     • willow26
     • Thread
     • Apr 24, 2019
     • Replies: 11
     • Forum: Tax Law
  3. W

     Child Support and Taxes

     Hello, Can I give stock to the custodial parent instead of cash payment for child support? Since the custodial parent is in low tax-bracket, the tax liability would be 0% up to a certain amount. I will appreciate your insight regarding this.

     • willow26
     • Thread
     • Apr 24, 2019
     • Replies: 17
     • Forum: Tax Law