Tax Drill - Divorce Settlements Casper and Cecile are divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $25,000, and it had a market value of $43,000 on the date of the transfer. Cecile sold the stock a month after receiving it for $40,000. In addition Casper is required to pay Cecile $1,500 a month in alimony. He made five payment to her during the year. What are the tax consequences for Casper and Cecile regarding these transactions? If an amount is zero, enter "\$\$". Casper recognizes Cecile recognizes When she sells the stock Cecile reports a on the transfer of the stock. He receives on the transfer of the stock. She has of $ for the $7,500 alimony paid. from the $7,500 alimony received