Problem regarding the taxation of alimony


Question: Which of the following is correct regarding the taxation of alimony: a. alimony is generally deductible by the payer, regardless of the execution date of the divorce or separation agreement b. alimony is generally taxable to the recipient spouse, regardless of the execution date of the divorce or separation agreement c. both A and B above d. none of the above

 

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Accounting Basics: Problem regarding the taxation of alimony
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