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DedicatedDad
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Reged: 09/05/04
Posts: 1318
Re: Tax Question [Re: married2long]
      #733732 - 03/01/11 05:36 PM

Sounds like the judge simply made an error. After 30 days, it's too late to contest. With that said, you are going to pay $60,000....it certainly wouldn't have cost anywhere near that. Has it been over 30 days?

Beyond that, you can't change the tax laws. They are what they are.


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married2long
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Reged: 02/02/10
Posts: 11
Re: Tax Question [Re: DedicatedDad]
      #733760 - 03/02/11 07:31 AM

It is way past 30 days and the judge made no mistake. As it turns out, this was all very carefully planned. Now, not only am I paying him property division..aka...maintenance, I will not be able to write it off my taxes. Unbelievable! Very hard to take. Thank you for your answers.

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Avaya
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Reged: 02/09/06
Posts: 9848
Loc: Arkansas
Re: Tax Question [Re: married2long]
      #733956 - 03/02/11 04:19 PM

Quote:

I bought him out of the house at 60% of the equity.




How did you pay him for this - cash at the time of divorce? And where did you get that money, cash you already had on hand? 2nd Mortgage?

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Eternity is too long to be wrong.


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married2long
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Reged: 02/02/10
Posts: 11
Re: Tax Question [Re: Avaya]
      #734145 - 03/03/11 12:02 PM

I refinanced the house in my name only and took out 60% of the equity. He got his check 3 days after the closing. I wish there was something I could do to at the very least write off the payments. My research has turned up nothing. I was just hoping someone here might have a suggestion but looks like the crooked judge and my piece of crap lawyer, locked in a rock solid case. I just have to accept it. Very, very hard.

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