- The tax liability is projected during the divorce process and an adjustment is worked into the property division.
- The spouse who received the 1099 adds the investment income to their tax return and language is added to the decree outlining the agreement on how to share the tax liability at tax filing time.
- The spouse who received the 1099 can “nominee”the correct portion of investment income to the other spouse by filing a 1099 and 1096 with the IRS and furnishing a 1099 to the other spouse.
Zooming into a Stress-Free Divorce: How Zoom Meetings Offer Comfort and Convenience
In recent years, how we handle many of life’s pivotal moments, including the sensitive divorce process, has shifted dramatically. The introduction of tools like Zoom into the collaborative divorce process has transformed how meetings are conducted and brought...