Question: With respect to property settlements in a divorce or separation, all of the following are true with the exception of: Question 34 options: the settlement

With respect to property settlements in a divorce or separation, all of the following are true with the exception of: Question 34 options: the settlement does not result in income to either spouse neither spouse receives a tax deduction the basis of property received by either spouse in the settlement remains unchanged the basis of property received by either spouse in the settlement takes on the fair market value at the time of the transfer of property

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