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Joe and Bonnie were divorced. Their only marital property was a personal residence with a fair market value of $850,000 and a cost of $525,000.
Joe and Bonnie were divorced. Their only marital property was a personal residence with a fair market value of $850,000 and a cost of $525,000. Under the terms of the divorce agreement, Joe would get the house and Joe would pay Bonnie $75,000 each year for 6 years, or until Bonnie
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