Question
On May 1, 2020, Leon and Shannon Weiss sign a separation agreement that calls for Shannon to pay Leon $1,200 per month in child support
On May 1, 2020, Leon and Shannon Weiss sign a separation agreement that calls for Shannon to pay Leon $1,200 per month in child support (Leon will have custody of their three children) and $2,100 per month in spousal support beginning on June 1. To the end of 2020, Shannon's payments total only $9,500. How will these payments be dealt with in Shannon and Leon's 2020 tax returns?
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
