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Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $110,000, and it

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Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $110,000, and it had a market value of $176,000 on the date of the transfer. Cecile sold the stock for $154,000 a month after receiving it. In addition Casper is required to pay Cecile $5,500 a month in alimony. He made five payments to her during the year. What are the tax consequences for Casper and Cecile regarding these transactions? If an amount is zero, enter "$0". a. How much gain or loss does Casper recognize on the transfer of the stock? b. Does Casper receive a deduction for the $27,500 alimony paid? Yes c. How much income does Cecile have from the $27,500 alimony received? d. When Cecile sells the stock, how much does she report? Cecile will report a gain of $

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