Reporting Alimony
๐ What is Alimony Reporting?
This guide explains the basic IRS reporting rules for alimonyโwhat is taxable, what is deductible, and where to report it on your Form 1040 Schedule 1.
โ ๏ธ Before You Begin
Alimony has specific tax treatment and reporting requirements. If you receive alimony, you must provide your Social Security Number to the payer. Not doing so could result in a penalty.
Tip: Review IRS Publication 504 to determine if either alimony received or alimony paid is required to be reported.
๐ Step-by-Step Guide
Step 1: Understand the tax treatment
Use this to confirm how alimony is treated for tax purposes.
- Alimony is taxable to the person who receives it.
- Alimony is deductible to the person who pays it.
Step 2: If you receive alimony, provide your Social Security Number
Use this to avoid penalties.
If you receive alimony, you must give your Social Security Number to the payer. Not doing so could result in a penalty.
Step 3: Report alimony received on Form 1040 Schedule 1
Use this to enter the correct amount on the correct line.
Alimony received is reported on 1040 Sch 1, Part I, line 2a.
Step 4: Report alimony paid on Form 1040 Schedule 1
Use this to enter the correct amount on the correct line.
Alimony paid is reported on 1040 Sch 1, Part II, line 19a.
โ Important Note
NOTE: Please review Pub 504 to determine if either is required to be reported.
๐ Spanish Version
Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu: Reportando la pensin alimenticia
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