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Casper and Cecile divorced in 2018. As part of the divorce settiement, Casper transferred stock to Cecile. Casper purchased the stock for $45,000, and it

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Casper and Cecile divorced in 2018. As part of the divorce settiement, Casper transferred stock to Cecile. Casper purchased the stock for $45,000, and it had a market value of $72,000 on the date of the transfer. Cecile sold the stock for $63,000 a month after receiving it. In addition Casper is required to pay Cecile $2,250 a month in alimony. He made five payments to her during the year. By how much will each of the above transfers and transactions impact Casper's AGI? Cecile's AGI? Casper Cecile required to recognize any gain on the transfer of the stock to Cecile. Further, although he deduct anything related to the transfer of the stock, he may deduct the s of alimony payments. include the receipt of the stock in her gross income. She must, however, recognize a capital of $ when the stock is sold and payments. recognize income from the alimony

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