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QUESTION 19 Which of the following scenarios will result in income inclusion? O a. Child support received by a custodial divorced parent pertaining to a
QUESTION 19 Which of the following scenarios will result in income inclusion? O a. Child support received by a custodial divorced parent pertaining to a divorce settled in 2018 b. Alimony received pertaining to a divorce settled in 2016 and materially modified in 2018 C. Tuition paid on behalf of a former spouse directly to a university pertaining to a divorce settled in 2020 Od. Property with fair market value of $750,000 and adjusted basis of $250,000 transferred to a former spouse pertaining to a divorce settled in 2021 2 points Save Answer QUESTION 20 Lizette inherited the following items from her grandmother: Painting Stocks Vehicle Adjusted Basis $50,000 $30,000 $40.000 Fair Market Value $75,000 $50,000 $25,000 Unrealized Gain/(Loss) $25,000 $20,000 ($15,000) How much gain (loss) is Lizette required to report in income? O a. $150,000 b. $45,000 C. $30,000 Od. $0
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