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MequonCPA
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
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Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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My husband has agreed to pay me $70,000 as equilization payment

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My husband has agreed to pay me $70,000 as equilization payment for re-imbursements my family incurred for marriage and couple of other stocks purchased during marriage and 401K plan etc. We decided instead of diving these things, I will receive cash for it. Will this be taxable to me?
Hi and welcome to JustAnswer:

Transfers incident to divorce are considered to be property settlements and are not taxable events.
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