Question Content AreaTim and Janet divorced in $2017.$ Their only marital property was a personal residence with a value of $$120,000$ and cost of $$50,000.$ Under the terms of the divorce agreement, Janet would receive the house and would pay Tim $$15,000$ each year for five years, or until Tim's death, whichever should occur first. Tim and Janet lived apart when the payments were made to Tim. The divorce agreement did not contain the word "alimony."