Question
1-For divorces occurring after 2018, alimony is not deductible by the payer or taxable to the recipient. True False 2- Which of the following usually
1-For divorces occurring after 2018, alimony is not deductible by the payer or taxable to the recipient.
True | |
False |
2-Which of the following usually is not taxable income (provided that rules are followed)?
| withdrawals from traditional employer pension plans |
| withdrawals from traditional IRA accounts |
| withdrawals from Roth IRA accounts |
| none of these usually are taxable income |
3-Taxable profits passed through to owners from a partnership, s corporation, or sole proprietorship are taxable to those owners even if they don't withdraw that income from the business.
True | |
False |
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