Business, 09.02.2021 01:00 lakisa138

Under the terms of a divorce agreement entered into in 2017, Ron is to pay his former wife Jill $10,000 per month. The payments are to be reduced to $7,000 per month when their child reaches age 18. During the current year, Ron paid $120,000 under the agreement. Assuming all of the other conditions for alimony are satisfied, Ron can deduct from gross income (and Jill must include in gross income) as alimony:

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Under the terms of a divorce agreement entered into in 2017, Ron is to pay his former wife Jill $10,...