The answer to your question really depends on what your agreement says. Spousal support is deductible if it is spousal support and meets certain criteria set forth in the IRS rules. An equalization payment is not tax deductible. I strongly suggest that you speak to your your lawyer to make sure that the proper language was included in your Judgment so that it is tax deductible. It might also be a good idea to read IRS Publication 504: http://www.irs.gov/pub/irs-pdf/p504.pdf Good luck.
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Alimony is deductible. However, this sounds more like a property settlement, which is not deductible.
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You need to get advise from a tax attorney.
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