Question
Generally, no gain or loss is recognized on a transfer of property from the taxpayer to (or in trust for the benefit of) his or
Generally, no gain or loss is recognized on a transfer of property from the taxpayer to (or in trust for the benefit of) his or her former spouse if the transfer is incident to their divorce. This rule applies even if the transfer was in exchange for all of the following except:
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
