As a result of their divorce, Fred agreed to pay alimony to Tammy of $20,000 per year. The payments are to cease in the event of Fr remarriage. In addition, Tammy is to receive their residence, which cost them $100,000 but is worth $140,000. (Assume the change Read the requirements. Requireme If the divor If the divor Requirements a. How will the $20,000 payments be treated by Fred and Tammy if covered by prior law? b. How will the payments be treated if the divorce is covered by new law? c. What is Tammy's basis in the residence? d. What role would a tax advisor play in a divorce? Print Done - As a result of their divorce, Fred agreed to pay alimony to Tammy of $20,000 per year. The payments are to cease in the event of Fred's or Tammy's death or in the event of Tammy's remarriage. In addition, Tammy is to receive their residence, which cost them $100,000 but is worth $140,000. (Assume the change in tax law as of December 31, 2018.) Read the requirements. Requirement a. How will the $20,000 payments be treated by Fred and Tammy if covered by prior law? If the divorce was complete prior to December 31, 2018, Fred If the divorce was complete prior to December 31, 2018, Tammy