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What is the tax treatment of noncash property settlements in divorce? Deductible by the payor and includable in the income of the recipient. Not deductible

What is the tax treatment of noncash property settlements in divorce? Deductible by the payor and includable in the income of the recipient. Not deductible by the payor and not includable in the income of the recipient. Deductible by the payor but not includable in the income of the recipient. Tax treatment depends on the market value of the property.

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