QUESTION
Will the sale of my home count as income for child support in the state of PA
Asked on Dec 09th, 2022 on Family Law - Pennsylvania
More details to this question:
I am currently paying child support for my child. When I sell my house...could those proceeds count as an income increase that would be counted for child support ?
1 ANSWER
Bankruptcy Attorney serving Collegeville, PA
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Nahrgang & Associates, P.C.
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No, sale proceeds are not considered income for child support. Indeed, they would only be taxable if there were capital gains.
This is the definition in the PA domestic relations statute.
https://www.legis.state.pa.us/cfdocs/legis/LI/consCheck.cfm?txtType=HTM&ttl=23&div=0&chpt=43&sctn=2&subsctn=0
I trust this answers your questions, but do not hesitate to call or email on a free initial basis.
Matthew R. Nahrgang, Esquire
35 Evansburg Road, Ste 400
Collegeville, PA 19426
610 489-3041 o
610 489-3042 fax
mnahrgang@verizon.net
nahrganglaw.com
Answered on Dec 20th, 2022 at 5:11 AM