With respect to property settlements in a divorce or separation,all of the following are true with the exception of
A)a property settlement does not result in income to either spouse.
B)no tax deduction is allowed for payment of a property settlement.
C)the spouse receiving a property settlement has a basis equal to the basis of that property to the paying spouse prior to payment.
D)All of the above statements are correct.

Question

Quizplus · Accepted Answer

All of the statements are correct, so none of them are the exception.

With Respect to Property Settlements in a Divorce or Separation,all