
Quoting
WizerNow
Ok, new question. Were there any "community funds" used to maintain the remaining properties? If so, there could be a community interest in any equity in the houses. Or, the community may be eligible for reimbursement of any community funds used to maintain a separate property asset. You may want to take a hard look at these issues before you try to push for classifying them as community property or quasi-community. In the long run what may be more valuable is retaining the capital loss carry- forward as separate property. Be sure the tax loss is properly, and specifically, identified in any settlement. That tax loss is an asset.