Torrington, CT asked in Tax Law for Connecticut

Q: If one person signed a quick claim deed and the house is sold as a short sale, do both parties split 1099 tax amount

My ex quick claimed the house. I had to sell it per our decree and it sold as a short sale. Liens that we’re in both of our names were paid off at time of sale. My attorney said we should split the 80k 1099 my ex claims I’m responsible.

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1 Lawyer Answer

A: Look closely at your divorce decree and then call you divorce lawyer--again. If the decree says you get the house, then you get the house and everything that goes with it.

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