United States

I received a QDRO in my divorce as a settlement. Why am I being charged the early withdrawal penalty?

dancing11freak asked:

Is there any exception that I can take for the tax penalty? Professional advice needed please.
I guess I should’ve had him withdraw the money so he could pay the taxes. That would also explain why that is how I received my settlement, which is all I got. He got everything else.
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PR: wait…
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Do you have to claim and pay taxes on an equity settlement from a divorce judgement?

Roger H asked:
This is a settlement from the joint property equity in the estate as set by the court
Abstract Reviews

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Neglecting Payments on Vehicle Required in Divorce Settlement?

J.R. asked:
If someones divorce settlement had it written that the former wife was to assume responsibility of payments for the vehicle that she kept, but she fails to make the payments is there anything one can do? The original loan was bought as husband and wife so the loan company says that the [...]


How much money will be taxable from a divorce settlement?

Manuel P asked: Last year, my ex-wife and I agreed on the settlement of our house after our divorce, which is 50/50. She and I agreed not to sell the house (unless she buys me out right before then) until my last child turns eighteen, which will be in 11 years. I was given $25,000 [...]


Do you have to claim divorce settlement money on state & federal taxes?

mickeyw asked: There was no support asked for or given.
There was only a division of assests.Abstract Reviews