Taxes are something people may not like to think about. This can particularly be the case at a stressful time like a divorce. The reality though is that taxes can have significant impacts on important divorce issues. One such issue is property division.
There are all kinds of assets that could end up being up for division in divorces. Types of property vary greatly in the kinds of tax implications they can have. What particular tax ramifications a given piece of property has the potential for can greatly impact what overall financial effects getting the asset in a divorce would have for an individual. So, tax matters can have impacts on how desirable, or undesirable, a given asset would be when it comes to property division.