Alimony income cards allow you to model alimony payments that a client is receiving now or in the future.
You can add alimony income into RightCapital within the Income section of the Profile (or the Income step of the initial data entry process), by clicking Add Income > Other > Alimony:
- For divorces prior to 1/1/2019, income is taxable (Line 2A of the Schedule 1, Line 8 of the 1040).
For divorces on or after 1/1/2019, income is tax-free.
Payments can be tracked within the Retirement > Cash Flows > Summary page, by clicking into Income Inflows > Other Income.
