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#559125 - 09/22/09 04:41 PM Cash Settlement
Kar1958 Offline

recently joined

Registered: 09/22/09
Posts: 17
Hey Michiganders

I need your help. I am divorcing.. my husband and I own 115 acres free and clear. Yes Michigan is not the place to live when divorcing. Anyway..he wants to give me 100,000 in exchange for the proterty plus the house and another ten acres. All will be free and clear. Will that 100,000 he gives me in the settlement agreement be taxed? We are unable to sell, its zones ag and the township will not let us divide it

karen

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#559126 - 06/12/13 03:47 PM Re: Cash Settlement [Re: Kar1958]
cwoz Offline

recently joined

Registered: 06/12/13
Posts: 1
Whats the value of the property?

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#559127 - 06/13/13 08:05 PM Re: Cash Settlement [Re: cwoz]
BeachBabeRN Offline
Carpal \'Tunnel

Registered: 01/17/06
Posts: 3236
Loc: VA for 21 years, NC forever!
Please note, this post is close to four years old.

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