PTIN Seal

Divorce & Marriage Issues

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Divorce & Marriage Issues
  4. What is the cost or basis of assets transferred from one spouse to another at a divorce settlement ?

What is the cost or basis of assets transferred from one spouse to another at a divorce settlement ?

The cost basis of assets transferred from one former spouse to another is the donor's basis. The recipient spouse may have to pay tax if there is appreciation of the asset at the time it is sold.

Need Professional Help?

If you need help with "Divorce & Marriage Issues" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.