Brad and Angelina divorce in 2019 and Brad makes the following alimony payments to Angelina pursuant to their divorce instrument. WHAT ARE THE TAX CONSEQUENCES?

(a) Brad transfers $200,000 of cash to angelina in 2019.

(b) Brad is short of cash and to satisfy his obligations to pay $200,000 of cash, he transfers property worth $200,000 with an adjusted basis of $50,000 to Angelina in 2019.

(c) Brad transfers the property in (b), above, to Angelina in 2029.