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  1. #11
    Join Date
    Aug 2015
    Posts
    6

    Default Re: How is a Personal Loan Divided in Divorce

    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.

  2. #12
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: How is a Personal Loan Divided in Divorce

    Quote Quoting WizerNow
    View Post
    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.
    Correction:

    A tax loss CARRYFORWARD could be an asset.

  3. #13
    Join Date
    Aug 2015
    Posts
    6

    Default Re: How is a Personal Loan Divided in Divorce

    I stand corrected.

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