Being bought out of a house – what next?
Being bought out of a house – what next? My ex-fiancé and I owned a house and he broke up with me 2 months ago. I knew that I wouldn’t be able to afford the house on my own so he’s bought me out. Paperwork’s been signed and everything’s supposed to be done today. My question is: will that be considered a house sale and will I (we?) have to pay taxes on it when it comes time to file our…