Jake pays the following amounts to his former spouse during the current year: Regular alimony payments.....................................................$ 12,000
Question:
Jake pays the following amounts to his former spouse during the current year:
Regular alimony payments.....................................................$ 12,000
Child support ..............................................................................10,000
Residence as part of a property settlement ........................115,000
What amount can Jake deduct as alimony for the current year? Assume the divorce occurred before 2019.
a. $0
b. $12,000
c. $22,000
d. $137,000
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Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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