Bob and Alice Marshall were divorced on March 1, 2018. The following transactions are the terms of the decree:
(a.) Alice will transfer title of the family home to Bob. The house has a fair market value of $80,000.
(b.) Both children will live with Alice.
(c.) Bob will give Alice $2,000 per month for alimony. Also, he is to give Alice $600 per month for child support.
How much (in total) of these amounts will Alice include as income on her 2018 tax return?

Answer rating: 100% (QA)

The detailed answer for the above question is provided below In 2018 Alice shoul... View the full answer