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Carter divorced his wife in the current year. In accordance with the divorce decree, he paid her $15,000 as a property settlement in the division
Carter divorced his wife in the current year. In accordance with the divorce decree, he paid her $15,000 as a property settlement in the division of their net assets. In addition, he paid her $10,000 in partial fulfillment of the annual requirement to pay her $12,000 a year in child support. What amount may Carter deduct on his tax return for the current year?
$0 | ||
$10,000 | ||
$15,000 | ||
$25,000 | ||
$27,000 |
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