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TL:DR - Best way to determine a buyout value of a house during a divorce.
My husband and I are getting a divorce. I do not want the house but he does. We are trying to figure out how to do this.
He has suggested giving me his part of the equity as a transfer from our joint brokerage account. Then when I have to convert it to cash I will need to pay capital gains of 15% on the profits.
I said I'd rather have the cash (since I will need some to set up my new household - I'm renting for a year). He says if I want the cash then he would want to find out how much the seller would pay and divide that in half and subtract it from the equity. He said he would find that out but he is dragging his feet on EVERYTHING so I'm trying to get this.
Also does anyone want to weigh in on having the cash vs the brokerage account?
Thanks.
Oh I hope this was the right place to post this. I'm new to Reddit.
Subreddit
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- 8 years ago
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