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None of the above. Question 3 Travis and Andrea were divorced. Their only marital property consisted of a personal residence (fair market value of $400,000,

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None of the above. Question 3 Travis and Andrea were divorced. Their only marital property consisted of a personal residence (fair market value of $400,000, cost of $200,000), and publicly-traded stocks (fair market value of $800,000, cost basis of nt, Andrea received the personal residence and Travis $500.000), Under the terms of the divorce agreeme received the stocks, In additi then the payments will be paid to her estate l. if the $50,000 annual payments are to be made to Andrea or her estate (if she dies before the end of the eight years, the payments will qualify as alimony. I. Andrea recognizes alimony income from cash payments received on, Andrea was to receive $50.000 for eight years. If Andrea dies during this time, Travis may not deduct any alimony payments O Only Iil is true Only and IiIl are true. None of the above aro tru Question 4 pts SONY

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