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Second opinion] I received a $6500 Roth IRA in a divorce 5
Second opinion] I received a $6500 Roth IRA in a divorce 5 years ago through a QDRO. I did nothing with the money, just transferred it from my ex husband's name to mine and set it in a Roth IRA at my … read more
Anne
Anne
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I am receiving some money from my ex-husband's 401K as a
I am receiving some money from my ex-husband's 401K as a settlement in our divorce. Can I use some of that money tax free to fix my house that has … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I have been married for 29 yrs and my husband has asked for
I have been married for 29 yrs and my husband has asked for a divirce he is having a affair. He is giving me a portion of his 401k Will there be taxes taken out. I am almost 54 and have been a homemak… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Does Early withdrawal from IRA at age 49 due to separation
Does Early withdrawal from IRA at age 49 due to separation and divorce qualifies for an exemption from 10% penalty. What will be that code 2 or 6… read more
Robin D.
Robin D.
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I'm 66, I will recieve a lump some from my wifes 401k as
I'm 66, I will recieve a lump some from my wifes 401k as part of a divorce settlement. How do i avoid taking a tax hit on this money all in one year? … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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After a divorce my husband was suppose to transfer an ira
After a divorce my husband was suppose to transfer an ira with tradestation. Tradestation says they need to send me the money but I'll be taxed… read more
Lev
Lev
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I am going through a divorce. I will receive a124K
I am going through a divorce. I will receive a124K settlement out of my husbands 401K. I will need most of that money to invest into a new home. How can I best avoid taxes and penalties. … read more
Robin D.
Robin D.
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This past year I recently got divorced and I was entitled to
This past year I recently got divorced and I was entitled to half of my ex-wife's 401k. I withdrew the money due to the fact that I was going through hard times and pay taxes on it do I have to claim … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I'm getting divorced and my wife is getting paid a portion
I'm getting divorced and my wife is getting paid a portion of my 401K and pension. How much tax will she have to pay on this money and is there a way to minimize the taxes paid?… read more
Lane
Lane
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Doctoral Degree
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In a divorce settlement. Say there is $20k in cash and $20k
In a divorce settlement. Say there is $20k in cash and $20k in a 401k. If one person wants only cash how do you account for the penalties and taxes to a 401K disbursement?… read more
Robin D.
Robin D.
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. I'm a citizen of Canada and reside in the UK. I am paid
. I'm a citizen of Canada and reside in the UK. I am paid in US$ from my firm and have a 401k in the US. I file a return in the US but I also only had 8 days last year in the US and all of those were … read more
Robin D.
Robin D.
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$53,200 going into a QDRO as my share of a divorce settlement.
$53,200 going into a QDRO as my share of a divorce settlement. It is the agreed upon amount from my equity in the house - 1 - how does the equity get into the QDRO? 2 - What are my tax implications? I… read more
Lane
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My husband asked for a non contested divorce. I agreed and
My husband asked for a non contested divorce. I agreed and asked for lump sum cash to buy me out. This asking amount is less than 50% of our total assets. He has decided to take the money from his 401… read more
Bill
Bill
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A court ordered divorce settlement agreement entitles the ex
A court ordered divorce settlement agreement entitles the ex wife to money from the ex husbands retirement plans. When the ex wife receives the money and does not roll it over into a retirement plan i… read more
Lev
Lev
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I am single and make $66560.00 per year and got a divorce QDRO
I am single and make $66560.00 per year and got a divorce QDRO for $56650.00 that apparently counts as income once I cashed it out as it was taxed, but it has been less than 60 days since I cashed it … read more
MequonCPA
MequonCPA
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I would like to know about the exceptions to the tax penalties
I would like to know about the exceptions to the tax penalties on early withdrawal of simple IRA. I understand one of the exceptions relates to divorce settlements. Is there a quantity limit on the am… read more
Lev
Lev
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Bachelor's Degree Equivalent
32,004 satisfied customers
I was recently divorced (June 08). In late July I received
I was recently divorced (June '08). In late July I received money from my ex-husband's 401K under a QDRO. By the time the money was transferred to my alternate payee account, the stock market had begu… read more
Bill
Bill
Master's Degree
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If a wife gets 1/2 of the husbands 401k as part of a ...
If a wife gets 1/2 of the husbands 401k as part of a divorce settlement, what are her options to avoid any tax consequences?… read more
Lev
Lev
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Bachelor's Degree Equivalent
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