Incident to their divorce, brett transferred property to his spouse, melinda, and the transfer was nontaxable under '1041. however, if melinda were later to sell the property, such a later sale could be treated as:

A. taxable under general income tax rules.

B. an exempt transaction if sold to a former spouse after six years.

C. part of the original marital property settlement.

D. also qualifying under '1041.

Answer rating: 100% (QA)

Transfer of property incident to divorce must occur within one year after the date in wh... View the full answer