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Asad Rahman
Asad Rahman, Lawyer
Category: Family Law
Satisfied Customers: 1858
Experience:  Practicing Attorney with 10 years experience
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If you receive a lump sum payment in lieu of alimony due to

Customer Question

If you receive a lump sum payment in lieu of alimony due to a prenuptual in a divorce, is it taxable?
Submitted: 10 months ago.
Category: Family Law
Expert:  Asad Rahman replied 10 months ago.

Yes, it would be as an award of spousal support or spousal maintenance (i.e. alimony) is taxable income to the individual who receives the support pursuant to I.R.C section 71(a).

Expert:  Asad Rahman replied 9 months ago.

Let me know if you have any additional questions otherwise a positive rating would be greatly appreciated.

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