Problem $2-29($Algorithmic$)$

Alimony $($LO $2\mathrm{.}13)$

Answer the following questions:

If your answer is zero, enter $"0".$

a$.$ Under a $2017$ divorce agreement, Britney is required to pay her ex$-$husband, Sam, $$4,615$ a month until their daughter is $18$ years of age. At that time, the required payments are reduced to $$3,231$ per month.

How much of each $$4,615$ payment may be deducted as alimony by Britney?

$

How much of each $$4,615$ payment must be included in Sam's taxable income?

$

How much would be deductible$/$included if the divorce agreement were dated $2023?$

$

b$.$ Under the terms of a property settlement executed during $2023,$ Ariana transferred property worth $$508,050$ to her ex$-$husband, Dalton. The property has a tax basis to Ariana of $$406,440.$

How much taxable gain must be recognized by Ariana at the time of the transfer?

$

What is the amount of Dalton's tax basis in the property he received from Ariana?

$