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Jan and Fred were granted a divorce in 2014. In accordance with the decree, Fred made the following payments to Jan in 2016: Child support
Jan and Fred were granted a divorce in 2014. In accordance with the decree, Fred made the following payments to Jan in 2016:
Child support payments contingent on the age of the child $5,000 Periodic payments terminating on Jan's death $4,000
How much of the payments can Fred deduct from his gross income for 2016?
My answer is 4,000 please confirm if it's correct. Thank you.
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