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Mackenzie Bretz is an associate in the Family Law team at Beresford Booth. She works with individual clients and families to navigate challenging times …
What is the tax impact when dividing assets? If property is transferred to me as part of a divorce, do I need to pay capital gains tax?
A:
There are no capital gains or loss recognized on transfer of property between spouses or to a former spouse if the transfer is incident to a divorce. IRC §...
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