Professor Richard Gershon (author of seventh edition of “A Student’s Guide to the Internal Revenue Code (with Professor Jeffrey A. Maine) talks about the tax issues surrounding divorceAlimony - paid is taxable for divorces (or modified decrees ) after 2019. It's not taxable if received.Child Support payments - never has been taxableProperty Settlements - basis stays the same when transferred from one spouse to another. Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent https://www.irs.gov/forms-pubs/about-form-8332Publication 504 (2019), Divorced or Separated Individuals https://www.irs.gov/publications/p504Here’s the new tax-advantaged way to pay alimony https://www.cnbc.com/2018/06/14/heres-the-new-tax-advantaged-way-to-pay-alimony.html For information regarding your data privacy, visit Acast.com/privacy