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QUESTION 38 If an annuitant dies before recovering the entire investment cost basis in the annuity contract, the amount of the unrecovered investment is allowed

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QUESTION 38 If an annuitant dies before recovering the entire investment cost basis in the annuity contract, the amount of the unrecovered investment is allowed as an itemized deduction on the taxpayer's final income tax return. True False QUESTION 39 Carter divorced his wife in the current year. In accordance with the divorce decree, he paid her $15,000 as a property settlement in the division of their net assets. In addition, he paid her $10,000 in partial fulfillment of the annual requirement to pay her $12,000 a year in child support. What amount may Carter deduct on his tax return for the current year? $0 $10,000 $15,000 $25,000 $27,000 Suve Al Ans Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro

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