Marge will be divorced in 2024 and expects to receive substantial alimony payments. When she meets with her tax advisor, she explains to Marge that under the TCJA such payments will be treated as: A. Qualified dependency support B. Not includable in her income as the payee C. Deductible by the payor D. A gift to the recipient
Added by Inmaculada B.
Step 1
Under the TCJA, for divorce agreements executed after December 31, 2018, alimony payments are no longer deductible by the payor and are not includable in the income of the recipient. Show more…
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