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This pillar page is being written. In the meantime, the episodes in this area are below. See all episodes.
Keeping the marital home defers the tax on it rather than avoiding it. The $500,000 capital gains exclusion a married couple can claim becomes $250,000 the year the divorce is final, and the house arrives with its original cost basis. Tiffani Lindstrom, CPA works through what that costs on a long-held home, and why a house and a retirement account are never the same dollar.
When there is a business in the marriage, its valuation is often the largest number on the settlement, and a set of judgment calls rather than a fact. Tiffani Lindstrom, CPA, CVA explains where those calls move the number and what the valuation leaves out.
An even split on paper can be uneven after tax. Tiffani Lindstrom, CPA explains why retirement accounts, the house and a business are worth different amounts once tax is counted, and why the date on the decree matters.