Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-11-2011, 06:03 PM
Junior Member
 
Join Date: Mar 2011
Posts: 1
Split 1099 for state tax deduction after divorce

Last year, my ex-wife and I filed a joint return in which we deducted state taxes as a itemized deduction. In our divorce decree, the issue of how to handle the 1099 was not discussed. I recently received the 1099 from the state in the mail and was wondering what I need to do?

Do I send her lawyer a photo copy of the 1099 and let them know that we are splitting it down the middle with each of us reporting 1/2 the amount as income for 2010?

Thank you.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-16-2011, 07:16 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
“Do I send her lawyer a photo copy of the 1099 and let them know that we are splitting it down the middle with each of us reporting 1/2 the amount as income for 2010?”-->I guess so; you need to send her lawyer a copy of the 1099G and let him know that you are including half on your tax return.Also you should report half the refund amount as income. If your ex doesn't report the other half, you could hear from the IRS but don't worry about it until you do.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Company divided and split stock - Basis??? bcygreenhills Capital Gains 0 02-16-2010 04:15 PM
What is meant by a Split Refund on the Individual Tax Return? sahar Miscellaneous 1 03-05-2009 02:11 PM
Is purchasing a Split Dollar Life Insurance policy a good idea for my business? obrien Life Insurance 0 01-21-2009 11:29 AM
Divorce Tax Quaqmire of Many Questions ripples Divorce Tax Issues 0 11-23-2008 08:56 PM
More Direct Deposit Options- Split Your Refund Samatg General 0 02-08-2007 07:10 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.