Unraveling Tax Implications During a Colorado Divorce | Episode 159
Welcome back to another episode of Divorce at Altitude where we’re taking an essential look at the often overlooked tax implications during a divorce process. Ryan Kalamaya and Amy Goscha emphasize the advantages of consulting a tax professional and discuss strategies lawyers use to orchestrate a divorce process that benefits all parties.
They delve into the complexities of real estate transactions and their tax ramifications, covering capital gains tax, the additional Medicare tax, and the trend of 1031 exchanges. They also illuminate how tax basis and capital gains are handled in divorce situations, and detail the tax implications with spousal maintenance and child support.
Ryan and Amy also touch upon the implications of accelerated depreciation, child tax credit, the mortgage interest deduction, the dependency exemption, and the capital loss deduction. This episode is a must listen for anyone seeking a comprehensive understanding of the role taxes play in a divorce!
What is Divorce at Altitude?
Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado.
To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha’s YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at info@kalamaya.law.
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DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.