Question: If your answer is zero, enter 0 . a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $1,755 a

 If your answer is zero, enter " 0 ". a. Under

If your answer is zero, enter " 0 ". a. Under a 2017 divorce agreement, Joan is required to pay her ex-husband, Bill, $1,755 a month until their daughter is 18 years of age. At that time, the required payments are reduced to $1,229 per month. 1. How much of each $1,755 payment may be deducted as alimony by Joan? $ 2. How much of each $1,755 payment must be included in Bill's taxable income? $ 3. How much would be deductible/included if the divorce agreement were dated 2022? $ b. Under the terms of a property settlement executed during 2022, Jane transferred property worth $410,400 to her exhusband, Tom. The property has a tax basis to Jane of $328,320. 1. How much taxable gain must be recognized by Jane at the time of the transfer? $ 2. What is the amount of Tom's tax basis in the property he received from Jane

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