Alimony is
A)deductible by both the payor and the payee.
B)deductible by the payor and included in income by the payee.
C)included in income by the payor and deducted by the payee.
D)an item which does not affect the payor's or the payee's tax reporting.

Question

Quizplus · Accepted Answer

B)The Code includes alimony in the definition of gross income of the payee and specifically allows a "for AGI deduction" for alimony paid by the payor.

Alimony Is