Eidelman & Associates Divorce - Property Division and Mediation | Page 5

If you opt for this option, you have to ensure you have a written proof that your ex-spouse paid off existing home-equity lines or mortgage. The reason for the document is to prove that you are no longer responsible for the debt. The good news: There is a possibility that you will not owe any capital gain taxes when you sell half of your house as part of a divorce.