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Mark and Dawn received their divorce decree on December 24, 2017. They have no children. The decree requires Mark to pay his former spouse $3,000
Mark and Dawn received their divorce decree on December 24, 2017. They have no children. The decree requires Mark to pay his former spouse $3,000 on the first of each month for 15 years or until Dawn's death or remarriage. He has made all required payments during the two full tax years and Dawn remarried on April 20 of the current tax year (i.e., the third year of alimony payments). What amount of his previously deducted alimony payments must Mark include in income on his return as recaptured alimony for the current tax year, and what amount can he deduct as alimony paid? Question 12Select one: a. $9,000 recapture and $12,000 deduction b. $12,000 recapture and $0 deduction c. $15,500 recapture and $0 deduction d. $0 recapture and $12,000 deduction
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