Meghan and Harry were divorced in $2016.$ Their only marital property consisted of a personal residence $($fair market value $$600,000$; cost of $$300,000)$ and publicly traded stocks $($fair market value of $$1,200,000$; cost basis of $$750,000).$ Under the terms of the divorce agreement Harry received the personal residence and Meghan received the stock.$$ In addition, Harry was to receive $$75,000$ per year for eight years.$$ Which of the following statements are true?

I.$$ If the $$75,000$ annual payments are to made to Harry or his estate $($if he dies before the end of the eight years$),$ the payments will qualify as alimony.

II$.$ Harry has a taxable gain from an exchange of his one$-$half interest in the stocks for Meghan's one$-$half interest in the house and cash.$$

III. If Meghan sells the stocks for $$1,350,000,$ she must recognize $$600,000$ of gain.$$