Question
What recent change has been made to the tax treatment of alimony? A. Prior law applies to divorces and separations executed on or before December
What recent change has been made to the tax treatment of alimony?
A. Prior law applies to divorces and separations executed on or before December 31, 2018. Alimony payments covered by prior law are deductible for AGI by the payor and are included in the gross income of the recipient. Alimony payments covered by the new law are neither taxable to the recipient nor deductible by the payor.
B. Prior law applies to divorces and separations executed on or before December 31, 2018. Alimony payments covered by prior law are neither taxable to the recipient nor deductible by the payor. Alimony payments covered by the new law are deductible for AGI by the payor but are not included in the gross income of the recipient.
C. Prior law applies to divorces and separations executed on or before December 31, 2018. Alimony payments covered by prior law are neither taxable to the recipient nor deductible by the payor. Alimony payments covered by the new law are deductible for AGI by the payor and are included in the gross income of the recipient.
D. Prior law applies to divorces and separations executed on or before December 31, 2018. Alimony payments covered by prior law are deductible for AGI by the payor and are included in the gross income of the recipient. Alimony payments covered by the new law are taxable to the recipient but are not deductible by the payor.
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