Under the terms of a divorce decree executed May 1, 2018, Ahmed transferred a house worth $560,000 to his ex-wife, Farah, and was to make alimony payments of $3,100 per month. The property has a tax basis to Ahmed of $255,000. a. How much of this must be reported on Farah's tax return? b. Of that amount, how much is taxable gain or loss that Farah must recognize related to the transfer of the house? a. Reportable payments per month b. Taxable gain or loss recognized