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Income Tax Planning
Chapter 4: Gross Income from Personal and Investment Activities/PROPERTY SETTLEMENT AT DIVORCE
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 4: Gross Income from Personal and Investment Activities

PROPERTY SETTLEMENT AT DIVORCE

01.Core Concepts

• Transfer property between divorcing spouses • No income tax deduction available • Treated as a gift to a spouse for income tax purposes (IRC Section 1014) • No gain/loss recognized • Carry-over basis