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After his divorce in 2016, Bill was required to pay 21,000 per year to his former spouse, Mary, who had custody of their child. Bills
After his divorce in 2016, Bill was required to pay 21,000 per year to his former spouse, Mary, who had custody of their child. Bills payments will be reduced to $12,000 per year in the event the child dies or reaches age 21. During the year, Bill paid the $21,000 required under the divorce agreement. Mary must include $21,000 in gross income.
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