Don't Forget to Pay Your Rent

[vansmack]

Mank, the child support one is a shitty one, but the theory is that if you were allowed to have any tax consequences for child support that were a benefit over being married, it would lead to more people getting divorced.  When children are involved, the court's intent is to do everything they can to keep the unti together, including tax planning.  Stupid?  Absolutely, but the taxes would be the same if you were married.  You can (in FL, anyway) ask for an accounting of every dollar the mother spends on the children to make certain every dollar you give her is spent on the kids.
 
 Alimony is treated differently because there are generally no children involved.

[vansmack]

In the case of being an investment property owner, consider a scenario where you own a few investment properties and that is your sole source of income.  You would never have to work, have enough income to live by, and everything you do to those properties is a write off.
 
 No, she doesn't get to write off her mortgage on the properties, but if the rent from the properties exceeds her mortgage (which is likely the case), and she has enough business deductions, she could live off that money alone - she would never have to have a 9-5 job.  Eventually when she buys a new primary residence, the tax savings are incredible on that mortgage, which is being paid by your renters.

[brennser]

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