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Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 12023
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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Selling my business that I owned before we got marries I am

Customer Question

Selling my business that I owned before we got marries I am selling it and giving her 1/2 what is her tax she would have to pay
Submitted: 2 years ago.
Category: Finance
Expert:  Lane replied 2 years ago.
She will have no tax on this.This would be in that PROPERTY settlement category.YOu may or may not have a capital gains tax (based on the tax basis in- what you have IN - the business)