8. Jake pays the following amounts to his former spouse during the current year: Regular alimony payments

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8. Jake pays the following amounts to his former spouse during the current year:

Regular alimony payments $ 12,000 Child support 10,000 Residence as part of a property settlement 115,000 What amount can Jake deduct as alimony for the current year? Assume the divorce occurred before 2019.

a. $0

b. $12,000

c. $22,000

d. $137,000

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Essentials Of Taxation Individuals And Business Entities

ISBN: 233160

1st Edition

Authors: Nellen/Young/Raabe/Maloney

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Question Posted: Jul 18, 2024 07:08 AM

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8. Jake pays the following amounts to his former spouse during the current year: Regular alimony payments

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Essentials Of Taxation Individuals And Business Entities

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