Are there tax implications to consider when transferring real estate post-divorce?
Possibly. There are potential tax implications, such as capital gains tax if the property is sold and has greatly increased in value, or tax deductions related to mortgage interest. It's important to understand how these factors affect each party, especially if one spouse retains the property and later sells it. Consulting a tax professional can help navigate these complexities and optimize the financial outcomes for both parties.
Real Estate
Walk through various considerations when valuing, dividing or buying out equity in real estate.
Post Real Estate
Learn the steps, considerations and potential challenges with transferring or handling real estate after a divorce is final.
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