Shreya and Kim were married in 2015, but they officially divorced in 2018. Kim was to pay
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Shreya and Kim were married in 2015, but they officially divorced in 2018. Kim was to pay \($10,000\) per month in alimony to Shreya and \($4,000\) per month in child support. In the current year, Kim paid the \($4,000\) child support per month, but he purchased a home valued at \($120,000\) for Shreya instead of paying the alimony. What, if any, of the amounts received by Shreya must be included in income?
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Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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