what think of this dynamic

Technical topics regarding tax preparation.
#1
zl28  
Posts:
2092
Joined:
22-Apr-2014 10:27pm
Location:
usa
husband and wife get divorced

they have to sell house.

house has about 278k in appreciation

they were supposed to hell home jointly

and he was going to giver her his share of the proceeds.

What did they do: he transferred his share of home to her

and left the mortgage in his name.

She is going to sell the home and then at the closing

the mortgage will be paid off, and she'll keep all the proceeds.

Apprec thoughts, comments, concerns with this dynamic.
 

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