Albert and Patricia are divorced and their agreement is finalized in 2018. As part of their divorce

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Albert and Patricia are divorced and their agreement is finalized in 2018. As part of their divorce agreement, Patricia agrees to pay Albert alimony of $85,000 in the current year and $5,000 per year in subsequent years. What tax problem is presented by this agreement? What will be the ultimate tax treatment of the alimony payments?

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Concepts In Federal Taxation

ISBN: 9781337702621

26th Edition

Authors: Kevin E. Murphy, Mark Higgins

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